Ludwig von Mises ✓

(1881–1973) economist United States

338 quotes in 3749 categories

[Wikidata] Austrian-American economist (1881–1973)... | [Wikipedia] Ludwig Heinrich Edler von Mises was an Austrian and American political economist and philosopher of the Austrian school. Mises wrote and lectured extensively on the social contributions of classical liberalism and the central role of consumers in a market economy. He is best known for his work in pr

Best Ludwig von Mises Quotes

• The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome… Advised
• The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality. Abstention
• The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus. Called
• All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about… Achieve
• The program of classical liberalism, condensed into a single word, would have to read: property. Classical
• No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell… Acts
• Aggressors cannot wage total war without introducing Socialism. Aggressors
• As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific. Brand
• There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should… Abandonment
• Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production. Compromise
• Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and… Affair
• [E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics Bold
• The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore,… Any
• The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who… Abstention
• Depressions and mass unemployment are not caused by the free market but by government interference in the economy. Caused
• Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens. Accomplished
• What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you. Better
• He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of… Cast
• This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows. Arbitrary
• The main political problem is how to prevent the police power from becoming tyrannical. This is the meaning of all the struggles for liberty. All
• The state is essentially an apparatus of compulsion and coercion. The characteristic feature of its activities is to compel people through the application or the… Activities
• The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at… Affair
• Peace and not war is the father of all things. All
• The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people. Boss
• The study of economics has been again and again led astray by the vain idea that economics must proceed according to the pattern of other… According

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