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Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.
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
Capital
Entrepreneur
Progress
Turn
Economic
Savers
Turns
Accumulate
Use
Entrepreneurs
Work
Uses
More quotes by 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
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.
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A new type of superstition has got hold of people's minds, the worship of the state. People demand the exercise of the methods of coercion and compulsion, of violence and threat. Woe to anybody who does not bend his knee to the fashionable idols!
Ludwig von Mises
Every socialist is a disguised dictator.
Ludwig von Mises
What can prevent the coming of totalitarian socialism is only a thorough change in ideologies. What we need is an open positive endorsement of that system to which we owe all the wealth that distinguished our age from the conditions of ages gone by.
Ludwig von Mises
The interventionist policy (big government) provides thousands and thousands of people with safe, placid, and not too strenuous jobs at the expense of the rest of society.
Ludwig von Mises
Progress is precisely that which rules and regulations did not foresee.
Ludwig von Mises
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
What is a loophole? If the law does not punish a definite action or does not tax a definite thing, this is not a loophole. It is simply the law.
Ludwig von Mises
In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production
Ludwig von Mises
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
How pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!
Ludwig von Mises
True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.
Ludwig von Mises
No one can escape the influence of a prevailing ideology.
Ludwig von Mises
War prosperity is like the prosperity that an earthquake or a plague brings.
Ludwig von Mises
The real bosses, in the capitalist system of market economy, are the consumers.
Ludwig von Mises
Nobody can be at the same time a correct bureaucrat and an innovator
Ludwig von Mises
Liberty is always freedom from the government.
Ludwig von Mises
It is always the individual who thinks. Society does not think any more than it eats or drinks. The evolution of human reasoning from the naive thinking of primitive man to the more subtle thinking of modern science took place within society. However, thinking itself is always an achievement of individuals.
Ludwig von Mises
The market system is the basis of our civilization. Its only alternative is the Führer principle.
Ludwig von Mises
