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Socialism in Russia has not brought about an improvement in the conditions of the average man which can be compared with the improvement of conditions, during the same period, in the United States.
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
Brought
Average
Periods
Conditions
Compared
Freedom
Socialism
United
Improvement
States
Russia
Men
Period
More quotes by Ludwig von Mises
An essential point in the social philosophy of interventionism is the existence of an inexhaustible fund which can be squeezed forever. The whole system of interventionism collapses when the fountain is drained off: The Santa Clause principle liquidates itself.
Ludwig von Mises
What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.
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A nation, therefore, has no right to say to a province: You belong to me, I want to take you. A province consists of its inhabitants. If anybody has a right to be heard in this case it is these inhabitants. Boundary disputes should be settled by plebiscite.
Ludwig von Mises
Thoughts and ideas are not phantoms. They are real things. Although intangible and immaterial, they are factors in bringing about changes in the realm of tangible and material things.
Ludwig von Mises
During the 2300 years since Plato, very little opposition has been registered to his ideas.
Ludwig von Mises
The market system makes all producers responsible to the consumer.
Ludwig von Mises
In life everything is continually in flux.
Ludwig von Mises
If the government objects to monopoly prices for new inventions, it should stop granting patents.
Ludwig von Mises
A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the affluence that it bestows upon the common man.
Ludwig von Mises
What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.
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The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
Ludwig von Mises
Public opinion always wants easy money, that is, low interest rates.
Ludwig von Mises
Aggressors cannot wage total war without introducing Socialism.
Ludwig von Mises
Nobody is in a position to decree what should make a fellow man happier.
Ludwig von Mises
As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
Ludwig von Mises
The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
Ludwig von Mises
He who serves the public best, makes the highest profits.
Ludwig von Mises
The alcoholic and the drug addict harm only themselves by their behavior the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
Ludwig von Mises
No private enterprise will ever fall prey to bureaucratic methods of management if it is operated with the sole aim of making profit.
Ludwig von Mises
