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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.
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
Make
Philosophy
Functions
Men
Study
Economist
Life
Economic
Studies
Community
Citizen
Idea
Aim
Political
Economics
Equip
Ideas
Function
Civic
Every
Citizens
Civics
More quotes by Ludwig von Mises
It is extremely difficult for our contemporaries to conceive of the conditions of free banking because they take government interference with banking for granted and as necessary.
Ludwig von Mises
The uncouth hordes of common men are not fit to recognize duly the merits of those who eclipse their own wretchedness.
Ludwig von Mises
Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life he inherited it from his ancestors and it never changed.
Ludwig von Mises
Assistance granted to the unemployed does not dispose of unemployment. It makes it easier for the unemployed to remain idle.
Ludwig von Mises
Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages derived from peaceful cooperation and division of labor are universal.
Ludwig von Mises
Public opinion always wants easy money, that is, low interest rates.
Ludwig von Mises
The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.
Ludwig von Mises
Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in life and cannot collapse otherwise than in great catastrophe.
Ludwig von Mises
No one can escape the influence of a prevailing ideology.
Ludwig von Mises
All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.
Ludwig von Mises
Depression is the aftermath of credit expansion.
Ludwig von Mises
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.
Ludwig von Mises
Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.
Ludwig von Mises
In a battle between force and an idea, the latter always prevails.
Ludwig von Mises
The history of mankind is the history of ideas.
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
Big business always serve - directly or indirectly - the masses.
Ludwig von Mises
The bureaucrat is not free to aim at improvement. He is bound to obey rules and regulations established by a superior body. He has no right to embark upon innovations if his superiors do not approve of them. His duty and his virtue is to be obedient.
Ludwig von Mises
What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
Ludwig von Mises
Economically considered, war and revolution are always bad business.
Ludwig von Mises