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The methods of the natural sciences cannot be applied to human behavior because this behaviorlacks the peculiarity that characterizes events in the field of the natural sciences, viz., regularity.
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
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Events
Regularity
Society
Sciences
Natural
Applied
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Peculiarity
More quotes by Ludwig von Mises
The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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He who serves the public best, makes the highest profits.
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This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.
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The gold standard makes the money's purchasing power independent of the changing, ambitions and doctrines of political parties and pressure groups. This is not a defect of the gold standard it is its main excellence.
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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.
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In talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.
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Economic knowledge necessarily leads to liberalism
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How pale is the art of sorcerers, witches, and conjurors when compared with that of the government's Treasury Department!
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The better an entrepreneur succeeds, the more is he vilified and themore is he soaked by taxation.
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Depression is the aftermath of credit expansion.
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The public firm can nowhere maintain itself in free competition with the private firm it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
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The productivity of social cooperation surpasses in every respect the sum total of the production of isolated individuals.
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Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.
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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.
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Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
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Mankind does not drink alcohol because there are breweries, distilleries, and vineyards men brew beer, distill spirits, and grow grapes because of the demand for alcoholic drinks.
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The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What made some enterprises develop into big business was precisely their success in filling best the demand of the masses.
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.
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There would not be any profits but for the eagerness of the public to acquire the merchandise offered for sale by the successful entrepreneur. But the same people who scramble for these articles vilify the businessman and call his profit ill-got.
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