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Historical knowledge is indispensable for those who want to build a better world

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
World
Indispensable
Historical
Build
Knowledge
Better

More quotes by 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.
Ludwig von Mises
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Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
Ludwig von Mises
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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
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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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Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.
Ludwig von Mises
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Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.
Ludwig von Mises
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Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.
Ludwig von Mises
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Every collectivist assumes a different source for the collective will, according to his own political, religious and national convictions.
Ludwig von Mises
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The inequality of income and fortunes is essential in capitalism.
Ludwig von Mises
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All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.
Ludwig von Mises
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Scientific criticism has no nobler task than to shatter false beliefs.
Ludwig von Mises
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The prevailing legal and moral views of a time are held not only by those whom they benefit but by those, too, who appear to suffer from them. Their domination is expressed in that fact- that the people from whom they claim sacrifice accept them.
Ludwig von Mises
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Violent resistance against the power of the state is the last resort of the minority in its effort to break loose from the oppression of the majority. ... The citizen must not be so narrowly circumscribed in his activities that, if he thinks differently from those in power, his only choice is either to perish or to destroy the machinery of state.
Ludwig von Mises
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Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., inflation. The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion in short, protracted inflation.
Ludwig von Mises
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If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace.
Ludwig von Mises
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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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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
Ludwig von Mises
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The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy.
Ludwig von Mises
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The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inflicted by governments.
Ludwig von Mises
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Capitalism has improved the standard of living of the wage earners to an unprecedented extent. The average American family enjoys today amenities of which, only a hundred years ago, not even the richest nabobs dreamed.
Ludwig von Mises