Economy Quotes by Ludwig von Mises

The market economy-capitalism-is a social system of consumers' supremacy.

— Ludwig von Mises

Socialism is the renunciation of rational economy.

— Ludwig von Mises

There is no kind of freedom and liberty other than the kind which the market economy brings about.

— Ludwig von Mises

The market economy as such does not respect political frontiers. Its field is the world.

— Ludwig von Mises

The real bosses, in the capitalist system of market economy, are the consumers.

— Ludwig von Mises

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

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

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

Economics is not about things and tangible material objects; it is about men, their meanings and actions.

— Ludwig von Mises

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

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

Depressions and mass unemployment are not caused by the free market but by government interference in the economy.

— Ludwig von Mises

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

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

The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of…

— Ludwig von Mises

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

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

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

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

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

There is no use in deceiving ourselves. American public opinion rejects the market economy, the capitalistic free enterprise system that provided the…

— Ludwig von Mises

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

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

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

A famous, very often quoted phrase says: "That government is best, which governs least." I do not believe this to be a…

— Ludwig von Mises

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

The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from…

— Ludwig von Mises

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

Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter.

— Ludwig von Mises

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

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

The Welfare State is merely a method for transforming the market economy step by step into socialism.

— Ludwig von Mises

Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.

— Ludwig von Mises

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

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

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

In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord.…

— Ludwig von Mises