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The prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital accumulation.
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
Increased
Capital
Equality
Investment
Economic
Industrialization
Possible
Prerequisite
World
Prerequisites
Accumulation
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The alcoholic and the drug addict harm only themselves by their behavior the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.
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Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.
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What workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.
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The idea of Socialism is at once grandiose and simple. . .We may say, in fact, that it is one of the most ambitious creations of the human spirit, . . .so magnificent, so daring, that it has rightly aroused the greatest admiration. If we wish to save the world from barbarism we have to refute Socialism, but we cannot thrust it carelessly aside.
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Society is only possible on these terms, that the individual finds therein a strengthening of his own ego and his own will.
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Scientific criticism has no nobler task than to shatter false beliefs.
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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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Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.
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War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
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The market economy-capitalism-is a social system of consumers' supremacy.
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Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away
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The prevailing legal and moral views of a time are held not only by those whom they benefit but by those, too, who appear to suffer from them. Their domination is expressed in that fact- that the people from whom they claim sacrifice accept them.
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During the 2300 years since Plato, very little opposition has been registered to his ideas.
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Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.
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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.
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The tow pillars of democratic government are the primacy of the law and the budget.
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It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.
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There is no kind of freedom and liberty other than the kind which the market economy brings about.
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Capitalists have the tendency to move toward those countries in which there is plenty of labor available and at which labor is reasonable. And by the fact that they bring capital into these countries, they bring about a trend toward higher wage rates.
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