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If the government objects to monopoly prices for new inventions, it should stop granting patents.
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
Monopoly
Prices
Invention
Objects
Stop
Government
Granting
Patents
Inventions
More quotes by Ludwig von Mises
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
The usual terminology of political language is stupid. What is 'left' and what is 'right'? Why should Hitler be 'right' and Stalin, his temporary friend, be 'left'? Who is 'reactionary' and who is 'progressive'? Reaction against an unwise policy is not to be condemned. And progress towards chaos is not to be commended.
Ludwig von Mises
The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines they are, on the contrary, the inescapable result of a consistent application of these doctrines.
Ludwig von Mises
Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
Ludwig von Mises
Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.
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
Those who disagree with the dictator's plan have no other means to carry on than to defeat the despot by force of arms.
Ludwig von Mises
Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.
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Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.
Ludwig von Mises
The system that would stand midway between capitalism and socialism.
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It is merely a metaphor to call competition competitive war, or simply, war. The function of battle is destruction of competition, construction.
Ludwig von Mises
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
Ludwig von Mises
Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.
Ludwig von Mises
The capitalist system was termed capitalism not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.
Ludwig von Mises
Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.
Ludwig von Mises
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
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.
Ludwig von Mises
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
The continued existence of society depends upon private property.
Ludwig von Mises
The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.
Ludwig von Mises