Without speculation there can be no economic activity reaching beyond the immediate present. — Ludwig von Mises Copy Share Image
The program of classical liberalism, condensed into a single word, would have to read: property. — Ludwig von Mises Copy Share Image
As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific. — 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
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
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
All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by… — 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
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
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
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
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
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
Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and… — 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
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
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
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
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
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
The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living… — 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
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
Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important… — 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 so-called liberals of today have the very popular idea that freedom of speech, of thought, of the press, freedom of religion,… — 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 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
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
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
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
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
Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism… — 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
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
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
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