Ludwig von Mises Quotes About Economics

Quotes about: Economics

• [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

  Ludwig von Mises

  Government, Law, Long

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

• Government cannot make man richer, but it can make him poorer.

  Ludwig von Mises

  Men, Liberty, Politics

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

  Ludwig von Mises

  Government, Liberty, Unemployment

• To the grumbler who complains about the unfairness of the market system only one piece of advice can be given: If you want to acquire wealth, then try to satisfy the public by offering them something that is cheaper or which they like better....Equality under the law gives you the power to challenge every millionaire.

  Ludwig von Mises

  Equality Under The Law, Offering, Giving

• Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

  Ludwig von Mises

  Taken, Magic, Liberty

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

• For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.

  Ludwig von Mises

  Men, Differences, Liberty

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.409, VM eBooks

• Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

  Ludwig von Mises

  Capitalist Economy, Liberty, Libertarian

• The standard of living of the common man is higher in those countries which have the greatest number of wealthy entrepreneurs.

  Ludwig von Mises

  Country, Men, Numbers

  Ludwig Von Mises (2008). “Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses”

• All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

  Ludwig von Mises

  Fighting, People, Liberty

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

• Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.

  Ludwig von Mises

  Mean, Suffering, Liberty

• The issue is always the same: the government or the market. There is no third solution.

  Ludwig von Mises

  Issues, Government, Liberty

  Ludwig Von Mises (1947). “Planned Chaos”, p.15, Ludwig von Mises Institute

• Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.

  Ludwig von Mises

  Philosophy, Men, Civilization

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

• 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 come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

  Ludwig von Mises

  Mean, Liberty, Finals

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

• Rulers do not like to admit that their power is restricted by any laws other than those of physics and biology. They never ascribe their failures and frustrations to the violation of economic law.

  Ludwig von Mises

  Frustration, Law, Liberty

• What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.

  Ludwig von Mises

  Men, People, Liberty

• Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.

  Ludwig von Mises

  Voice, Mind, Trying

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.465, VM eBooks

• The main achievement of economics is that it has provided a theory of peaceful human cooperation. This is why the harbingers of violent conflict have branded it as a dismal science and why this age of wars, civil wars, and destruction has no use for it.

  Ludwig von Mises

  War, Achievement, Peaceful

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

• It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.

  Ludwig von Mises

  Challenges, Doe, Attention

  Ludwig von Mises (2016). “Human Action”, p.85, Lulu Press, Inc

• 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 the economists.

  Ludwig von Mises

  Fall, Liberty, May

  Ludwig von Mises (2016). “Human Action”, p.241, Lulu Press, Inc

• Used to the conditions of a capitalistic environment, the average American takes it for granted that every year business makes something new and better accessible to him. Looking backward upon the years of his own life, he realizes that many implements that were totally unknown in the days of his youth and many others which at that time could be enjoyed only by a small minority are now standard equipment of almost every household.

  Ludwig von Mises

  Philosophy, Average, Years

  Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

• 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 sciences.

  Ludwig von Mises

  Ideas, Patterns, Study

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

• Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow.

  Ludwig von Mises

  Fighting, Men, Hands

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

• 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 the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.

  Ludwig von Mises

  Liberty, Tasks, Sowing

  Ludwig von Mises (2013). “The Theory of Money and Credit”, p.14, Skyhorse Publishing, Inc.

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

  Ludwig von Mises

  Motivational, Success, Men

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

• 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, begins with private property.

  Ludwig von Mises

  Mean, Civilization, Wish

  Ludwig Von Mises (1962). “The free and prosperous commonwealth: an exposition of the ideas of classical liberalism”

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