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In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.

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
Economic
Socialism
Retrospectively
Dark
Rational
Groping
Success
Determined
Undertaking
Change
Neither
Abolition
Every
Later
Undertakings
Whose
Commonwealth
Becomes
Socialist
Economy
Advance
Appraised

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