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The history of mankind is the history of ideas. For it is ideas, theories, and doctrines that guide human action, determine the ultimate ends men aim at, and the choice of the means employed for the attainment of these ends.

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
Human
Mankind
Employed
Humans
Theory
Guide
Mean
Choices
Guides
Men
History
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Life
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More quotes by Ludwig von Mises

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There prevails on a free labor market a tendency toward full employment.
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The market is not a place, a thing, or a collective entity. The market is a process, actuated by the interplay of the actions of the various individuals cooperating under the division of labor.
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Every socialist is a disguised dictator.
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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
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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.
Ludwig von Mises
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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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.
Ludwig von Mises
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A genius is always a teacher, never a pupil he is always self-made.
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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.
Ludwig von Mises
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There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.
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Every man aims at avoiding what causes him pain the activities of government ultimately consist in the infliction of pain. All great achievements of mankind were the product of a spontaneous effort on the part of individuals government substitutes coercion for voluntary action.
Ludwig von Mises
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Depression is the aftermath of credit expansion.
Ludwig von Mises
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The issue is always the same: the government or the market. There is no third solution.
Ludwig von Mises
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Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
Ludwig von Mises
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Men are fighting one another because they are convinced that the extermination and liquidation of adversaries is the only means of promoting their own well-being.
Ludwig von Mises
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What is needed for a sound expansion of production is additional capital goods, not money or fiduciary media. The credit expansion is built on the sands of banknotes and deposits. It must collapse.
Ludwig von Mises
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When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.
Ludwig von Mises
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There is no use in deceiving ourselves. American public opinion rejects the market economy, the capitalistic free enterprise system that provided the nation with the highest standard of living ever attained. Full government control of all activities of the individual is virtually the goal of both national parties.
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Marx and Engels openly declared that the progressive income tax and the death tax are 'economically untenable' and that they advocated them only because 'they necessitate further inroads' upon the capitalist system and are 'unavoidable' as a means of bringing about socialism.
Ludwig von Mises
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Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.
Ludwig von Mises