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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
Life
Means
Doctrine
Action
Determine
Doctrines
Ends
Ultimate
Attainment
Ideas
Choice
Theories
Human
Mankind
Employed
Humans
Theory
Guide
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Men
History
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More quotes by Ludwig von Mises

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The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.
Ludwig von Mises
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The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property.
Ludwig von Mises
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Do not give in to evil, but proceed ever more boldly against it.
Ludwig von Mises
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Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.
Ludwig von Mises
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Some think that they will exercise power for the general good, but that is what all those with power have believed. Power is evil in itself, regardless of who exercises it.
Ludwig von Mises
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Innovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
Ludwig von Mises
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Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.
Ludwig von Mises
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What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.
Ludwig von Mises
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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.
Ludwig von Mises
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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
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The sharper the competition, the better it serves its social function to improve economic production.
Ludwig von Mises
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Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.
Ludwig von Mises
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...this remedy is the power of the citizens they have to prevent the establishment of such an autocratic regime that arrogates to itself a higher wisdom than that of the average citizen. This is the fundamental difference between freedom and serfdom.
Ludwig von Mises
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It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.
Ludwig von Mises
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The masses, in their capacity as consumers, ultimately determine everybody's revenues and wealth.
Ludwig von Mises
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If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
Ludwig von Mises
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The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.
Ludwig von Mises
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Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
Ludwig von Mises
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Servile labour disappeared because it could not stand the competition of free labour its un-profitability sealed its doom in the market economy.
Ludwig von Mises
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
Ludwig von Mises