Without speculation there can be no economic activity reaching beyond the immediate present. — Ludwig von Mises Copy Share Image
[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws… — Ludwig von Mises Copy Share Image
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,… — 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
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 prerequisite for more economic equality in the world is industrialization. And this is possible only through increased capital investment, increased capital… — 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
The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment… — Ludwig von Mises Copy Share Image
So far as Feminism seeks to adjust the legal position of woman to that of man, so far as it seeks to… — Ludwig von Mises Copy Share Image
Inflationism, however, is not an isolated phenomenon. It is only one piece in the total framework of politico-economic and socio-philosophical ideas of… — Ludwig von Mises Copy Share Image
He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input… — 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
Everybody thinks of economics whether he is aware of it or not. In joining a political party or in casting his ballot,… — Ludwig von Mises Copy Share Image
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics… — Ludwig von Mises Copy Share Image
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available,… — Ludwig von Mises Copy Share Image
The philosophy of protectionism is a philosophy of war. The wars of our age are not at variance with popular economic doctrines;… — Ludwig von Mises Copy Share Image
Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production. — Ludwig von Mises Copy Share Image
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom… — Ludwig von Mises Copy Share Image
The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the… — Ludwig von Mises Copy Share Image
The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom… — Ludwig von Mises Copy Share Image
Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum… — Ludwig von Mises Copy Share Image
Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem. — Ludwig von Mises Copy Share Image
The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are… — Ludwig von Mises Copy Share Image
The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means… — 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
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