Quote

Servile labour disappeared because it could not stand the competition of free labour its un-profitability sealed its doom in the market economy.

Ludwig von Mises

Change background

T
T
T

Change font

TAGS & TOPICS

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
Disappeared
Doom
Labour
Competition
Market
Stand
Servile
Economy
Profitability
Free
Sealed

More quotes by Ludwig von Mises

Image
The market system is the basis of our civilization. Its only alternative is the Führer principle.
Ludwig von Mises
Image
Against nature and within nature there is no freedom.
Ludwig von Mises
Image
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
Image
Sovereignty must not be used for inflicting harm on anyone, whether citizen or foreigner.
Ludwig von Mises
Image
Our whole civilization rests on the fact that men have always succeeded in beating off the attack of the re-distributors.
Ludwig von Mises
Image
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.
Ludwig von Mises
Image
Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of what is called economic freedom.
Ludwig von Mises
Image
Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
Ludwig von Mises
Image
The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption its alleged blessings are paid for by impoverishment.
Ludwig von Mises
Image
The continued existence of society depends upon private property.
Ludwig von Mises
Image
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
Image
When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which belongs to the entrepreneurs and capitalists, can only be acquired by means of the consumers ballot, held daily in the marketplace.
Ludwig von Mises
Image
What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.
Ludwig von Mises
Image
The mixing of politics and business not only is detrimental to politics, as is frequently observed, but even much more so to business.
Ludwig von Mises
Image
Nobody ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will
Ludwig von Mises
Image
The situation of having to belong to a state to which one does not wish is no less onerous if it is the result of an election than if one must endure it as the consequence of a military conquest.
Ludwig von Mises
Image
The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.
Ludwig von Mises
Image
What mankind needs today is liberation from the rule of nonsensical slogans and a return to sound reasoning.
Ludwig von Mises
Image
A higher standard of living also brings about a higher standard of culture and civilization.
Ludwig von Mises
Image
Historical knowledge is indispensable for those who want to build a better world
Ludwig von Mises