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
There is no kind of freedom and liberty other than the kind which the market economy brings about. — Ludwig von Mises Copy Share Image
Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy. — 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
Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory… — Ludwig von Mises Copy Share Image
The market economy-capitalism-is a social system of consumers' supremacy. — Ludwig von Mises Copy Share Image
The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St.… — Ludwig von Mises Copy Share Image
The Welfare State is merely a method for transforming the market economy step by step into socialism. — 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
Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme… — Ludwig von Mises Copy Share Image
The market economy as such does not respect political frontiers. Its field is the world. — 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
Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which… — Ludwig von Mises Copy Share Image
Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public… — 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
The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich… — Ludwig von Mises Copy Share Image
Servile labour disappeared because it could not stand the competition of free labour; its un-profitability sealed its doom in the market economy. — Ludwig von Mises Copy Share Image
It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production… — Ludwig von Mises Copy Share Image
Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter. — Ludwig von Mises Copy Share Image
If history could prove and teach us anything, it would be the private ownership of the means of production as a necessary… — Ludwig von Mises Copy Share Image
Depressions and mass unemployment are not caused by the free market but by government interference in the economy. — 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
Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand… — 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
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
