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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.
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
Liberty
Economics
Common
Countries
Living
Standards
Entrepreneurs
Country
Gold
Libertarianism
Men
Number
Wealthy
Higher
Libertarian
Numbers
Standard
Greatest
Entrepreneur
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The market system is the basis of our civilization. Its only alternative is the Führer principle.
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Progress of any kind is always at variance with the old and established ideas and therefore with the codes inspired by them. Every step of progress is a change involving heavy risks.
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The struggle for freedom is not the struggle of the many against the few, but of minorities, sometimes of a minority of but one man gainst the majority.
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You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you. If this be arrogance, as some of your critics observed, it is still the truth that had to said in the age of the Welfare State.
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Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.
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Only the naive inflationist's could believe that government could enrich mankind through fiat money.
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Do the American voters know that the unprecedented improvement in their standard of living that the last hundred years brought was the result of the steady rise in the per-head quota of capital invested? Do they realize that every measure leading to capital decumulation jeopardizes their prosperity?
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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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Depression is the aftermath of credit expansion.
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The final outcome of the credit expansion is general impoverishment.
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Under a socialist mode of production all personal incentives which selfishness provides under capitalism are removed, and a premium is put upon laziness and negligence. Whereas in a capitalist society selfishness incites everyone to the utmost diligence, in a socialist society it makes for inertia and laxity.
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The democracy of the market consists in the fact that people themselves make their choices and that no dictator has the power to force them to submit to his value judgments.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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During the 2300 years since Plato, very little opposition has been registered to his ideas.
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Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.
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Economic control is not merely control of a sector of human life that can be separated from the rest it is the control of the means for all our ends.
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This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
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It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.
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The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the citizen for his civic functions in community life.
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