The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions… — Ludwig von Mises Copy Share Image
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in… — Ludwig von Mises Copy Share Image
Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses… — Ludwig von Mises Copy Share Image
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether… — Ludwig von Mises Copy Share Image
To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you… — 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
The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants… — Ludwig von Mises Copy Share Image
Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is… — Ludwig von Mises Copy Share Image
There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom. — Ludwig von Mises Copy Share Image
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
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
The genuine history of mankind is the history of ideas. It is ideas that distinguish man from all other beings. Ideas engender… — 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
State interference in economic life, which calls itself economic policy, has done nothing but destroy economic life. Prohibitions and regulations have by… — Ludwig von Mises Copy Share Image
Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand… — Ludwig von Mises Copy Share Image
The essence of Keynesianism is its complete failure to conceive the role that saving and capital accumulation play in the improvement of… — Ludwig von Mises Copy Share Image
The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority,… — 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
These people talk of a "middle-of-the-road" policy. What they do not see is that the isolated interference, which means the interference with… — Ludwig von Mises Copy Share Image
Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism,… — Ludwig von Mises Copy Share Image
Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses. — Ludwig von Mises Copy Share Image
What generates war is the economic philosophy of nationalism: embargoes, trade and foreign exchange controls, monetary devaluation, etc. The philosophy of protectionism… — 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
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 Image
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 Image
During the 2300 years since Plato, very little opposition has been registered to his ideas. — Ludwig von Mises Copy Share Image
“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 Image
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 Image
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 Image
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 Image
There is no kind of freedom and liberty other than the kind which the market economy brings about. — Ludwig von Mises Copy Share Image
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 Image
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 Image
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 Image
