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The uncouth hordes of common men are not fit to recognize duly the merits of those who eclipse their own wretchedness.

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
Merit
Recognize
Hordes
Fit
Uncouth
Common
Duly
Men
Horde
Wretchedness
Eclipse
Merits

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Fortunes cannot grow someone has to increase them.
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The greater productivity of work under the division of labor is a unifying influence. It leads men to regard each other as comrades in a joint struggle for welfare, rather than as competitors in a struggle for existence. It makes friends out of enemies, peace out of war, society out of individuals.
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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.
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The system that would stand midway between capitalism and socialism.
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Every government intervention [in the marketplace] creates unintended consequences, which lead to calls for further government interventions.
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The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.
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The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.
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Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.
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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 continued existence of society depends upon private property.
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There can be no freedom in art and literature where the government determines who shall create them.
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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.
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Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.
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As the prosperity of the nation and the height of wage rates depend on a continual increase in the capital invested in its plants, mines and farms, it is one of the foremost tasks of good government to remove all obstacles that hinder the accumulation and investment of new capital.
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The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.
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No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
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You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you. If this be arrogance, as some of your critics observed, it is still the truth that had to said in the age of the Welfare State.
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He who serves the public best, makes the highest profits.
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