« All Based Quotes · Ludwig von Mises's Page
Based Quotes by 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 means of production.
- Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.
- Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace.
- Western civilization is based upon the libertarian principle, and all its achievements are the results of the action of free men.
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