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Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
Ludwig von Mises
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Ludwig von Mises
Age: 92 †
Born: 1881
Born: September 29
Died: 1973
Died: October 10
Economist
Philosopher
University Teacher
Writer
Lemberg
Austria
Ludwig Heinrich Edler von Mises
Ludwig Heinrich Mises
Economy
Political
Corollary
Government
Representative
Representatives
Socialism
Tyranny
Capitalism
Market
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The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.
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Under capitalism everybody is the architect of his own fortune.
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It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
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Reason is the main resource of man in his struggle for survival.
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True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
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Most of us have no sympathy with the rich idler who spends his life in pleasure without ever doing any work. But even he fulfills a function in the life of the social organism. He sets an example of luxury that awakens in the multitude a consciousness of new needs and gives industry the incentive to fulfill them.
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In life everything is continually in flux.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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The system that would stand midway between capitalism and socialism.
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The real bosses, in the capitalist system of market economy, are the consumers.
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Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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The living is not perfect because it is liable to change the dead is not perfect because it does not live.
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The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What made some enterprises develop into big business was precisely their success in filling best the demand of the masses.
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Capitalism has improved the standard of living of the wage earners to an unprecedented extent. The average American family enjoys today amenities of which, only a hundred years ago, not even the richest nabobs dreamed.
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Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.
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Scientific criticism has no nobler task than to shatter false beliefs.
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The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.
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The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.
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It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconscious convinced of the untenability of their own doctrines.
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The characteristic mark of this age of dictators, wars and revolutions is its anticapitalistic bias. Most governments and political parties were eager to restrict the sphere of private initiative and free enterprise.
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