The aim of the popularization of economic studies is not to make every man an economist. The idea is to equip the… — Ludwig von Mises Copy Share Image
Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied...… — Ludwig von Mises Copy Share Image
Economics is not about things and tangible material objects; it is about men, their meanings and actions. — Ludwig von Mises Copy Share Image
War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of… — Ludwig von Mises Copy Share Image
Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the… — Ludwig von Mises Copy Share Image
The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what… — Ludwig von Mises Copy Share Image
Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They… — Ludwig von Mises Copy Share Image
Keynes did not teach us how to perform the miracle of turning a stone into bread, but the not at all miraculous… — Ludwig von Mises Copy Share Image
“All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only… — Ludwig von Mises Copy Share Image
When we call a capitalist society a consumers democracy we mean that the power to dispose of the means of production, which… — Ludwig von Mises Copy Share Image
The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy,… — Ludwig von Mises Copy Share Image
“Society has arisen out of the works of peace; the essence of society is peacemaking. Peace and not war is the father… — Ludwig von Mises Copy Share Image
The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts… — Ludwig von Mises Copy Share Image
All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years… — Ludwig von Mises Copy Share Image
In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined.… — Ludwig von Mises Copy Share Image
Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full… — Ludwig von Mises Copy Share Image
There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against… — Ludwig von Mises Copy Share Image
“Praxeology is a theoretical and systematic, not a historical, science. Its scope is human action as such, irrespective of all environmental, accidental,… — Ludwig von Mises Copy Share Image
Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people… — Ludwig von Mises Copy Share Image
We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of… — Ludwig von Mises Copy Share Image
The direction of all economic affairs is in the market society a task of the entrepreneurs. Theirs is the control of production.… — Ludwig von Mises Copy Share Image
The "progressives" who today masquerade as "liberals" may rant against "fascism"; yet it is their policy that paves the way for Hitlerism.… — Ludwig von Mises Copy Share Image
“As a rule, capitalism is blamed for the undesired effects of a policy directed at its elimination. The man who sips his… — Ludwig Von Mises Copy Share Image
“Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new… — Ludwig Von Mises Copy Share Image
“The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.” — Ludwig von Mises Copy Share Image
What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference. — Ludwig von Mises Copy Share Image
What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market… — Ludwig von Mises Copy Share Image
The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus. — Ludwig von Mises Copy Share Image
Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed… — Ludwig von Mises Copy Share Image
Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and… — Ludwig von Mises Copy Share Image
German Marxian's coined the dictum: If socialism is against human nature, then human nature must be changed. — Ludwig von Mises Copy Share Image
As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of… — Ludwig von Mises Copy Share Image
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you. — Ludwig von Mises Copy Share Image
In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent… — Ludwig von Mises Copy Share Image
Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend… — Ludwig von Mises Copy Share Image
A short time ago the demagogues blamed capitalism for the poverty of the masses. Today they rather blame capitalism for the "affluence"… — Ludwig von Mises Copy Share Image
Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people. — Ludwig von Mises Copy Share Image
The supremacy of public opinion determines not only the singular role that economics occupies in the complex of thought and knowledge. It… — Ludwig von Mises Copy Share Image
He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon… — Ludwig von Mises Copy Share Image
If the members of parliament no longer consider themselves mandatories of the taxpayers but deputies of those receiving salaries, wages, subsidies, doles, and other… — Ludwig von Mises Copy Share
Changes in human conditions are brought about by the pioneering of the cleverest and most energetic men. They take the lead and the rest… — Ludwig von Mises Copy Share
During the 2300 years since Plato, very little opposition has been registered to his ideas. — Ludwig von Mises Copy Share
“How little one is justified in speaking in this connection of "optimism" and "pessimism" and how much the characterization of liberalism as "optimistic" aims… — Ludwig von Mises Copy Share
Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages… — Ludwig von Mises Copy Share
The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent… — Ludwig von Mises Copy Share
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense… — Ludwig von Mises Copy Share
There is no kind of freedom and liberty other than the kind which the market economy brings about. — Ludwig von Mises Copy Share
What counts alone is the innovator, the dissenter, the harbinger of things unheard of, the man who rejects the traditional standards and aims at… — Ludwig von Mises Copy Share
In reality no food is valued solely for its nutritive power and no garment or house solely for the protection it affords against cold… — Ludwig von Mises Copy Share
All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave… — Ludwig von Mises Copy Share
The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social… — Ludwig von Mises Copy Share
Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life;… — Ludwig von Mises Copy Share
Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and… — Ludwig von Mises Copy Share
