The boom squanders through malinvestment scarce factors of production and reduces the stock available through overconsumption; its alleged blessings are paid for… — 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
Where there is no market economy, the best intentioned provisions of constitutions and laws remain a dead letter. — Ludwig von Mises Copy Share Image
The market system is the basis of our civilization. Its only alternative is the Führer principle. — 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
The policy of letting the free market determine the height of wage rates is the only reasonable and successful full-employment policy. — 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
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 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
where Nietzsche's response to the equation of socialism and morality was to question the value of morality, at least as it had… — Ludwig von Mises Copy Share Image
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 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
On the unhampered market there prevails an irresistible tendency to employ every factor of production for the best possible satisfaction of the… — Ludwig von Mises Copy Share Image
It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future… — Ludwig von Mises Copy Share Image
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 Copy Share Image
Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and… — Ludwig von Mises Copy Share Image
There is simply no other choice than this: either to abstain from interference in the free play of the market, or to… — Ludwig von Mises Copy Share Image
All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters,… — 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
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 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
Political ideas that have dominated the public mind for decades cannot be refuted through rational arguments. They must run their course in… — Ludwig von Mises Copy Share Image
What people today call inflation is not inflation, i.e., the increase in the quantity of money and money substitutes, but the general… — 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
![“It is not enough for [the investor] to know all the factors that can possibly contribute to the determination of a future event. In order to anticipate correctly they must also anticipate correctly the quantity as it were of each factor's contribution and the instant at which its contribution will…” quote by Ludwig von Mises](https://sms4smile.com/quotes/img-quotes/474/ludwig-von-mises-364_anticipate_it-is-not-enough-for-the-investor-to-kno_938558.jpg)
