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If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
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
Demand
Vanishes
Equal
Heirs
Cases
Inherited
Wealth
Rapidly
Makes
Demands
Life
Entrepreneur
Generally
Case
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Science does not give us absolute and final certainty. It only gives us assurance within the limits of our mental abilities and the prevailing state of scientific thought.
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The sharper the competition, the better it serves its social function to improve economic production.
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While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.
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Every man aims at avoiding what causes him pain the activities of government ultimately consist in the infliction of pain. All great achievements of mankind were the product of a spontaneous effort on the part of individuals government substitutes coercion for voluntary action.
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A higher standard of living also brings about a higher standard of culture and civilization.
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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.
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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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