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A higher standard of living also brings about a higher standard of culture and civilization.

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
Also
Standard
Brings
Standards
Civilization
Higher
Living
Culture

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Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.
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Under capitalism everybody provides for their own needs by serving others.
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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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Nobody is in a position to decree what should make a fellow man happier.
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The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the citizen for his civic functions in community life.
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The entrepreneur profits to the extent he has succeeded in serving the consumers better than other people have done.
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Liberty is always freedom from the government.
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What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference.
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In life everything is continually in flux.
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The market and its inescapable law are supreme.
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All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.
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One has to recognize that science is not metaphysics, and certainly not mysticism it can never bring us the illumination and the satisfaction experienced by one enraptured in ecstasy. Science is sobriety and clarity of conception, not intoxicated vision.
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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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The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption its alleged blessings are paid for by impoverishment.
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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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Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.
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The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.
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The capitalist system was termed capitalism not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.
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War prosperity is like the prosperity that an earthquake or a plague brings.
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There is no reason why capitalists and entrepreneurs should be ashamed of earning profits.
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