Ludwig von Mises Quotes About Economy

Quotes about: Economy

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

  Ludwig von Mises

  Government, Liberty, Unemployment

• 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

• Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.

  Ludwig von Mises

  Men, Civilization, Quality

  Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

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

  Ludwig von Mises

  Real, Boss, Economy

  Ludwig von Mises (2016). “Bureaucracy: The Economist”, p.20, VM eBooks

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

  Ludwig von Mises

  Steps, Socialism, Welfare

• If history could teach us anything, it would be that private property is inextricably linked with civilization.

  Ludwig von Mises

  Civilization, Would Be, Economy

  Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

• Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.

  Ludwig von Mises

  Mean, Organization, Two

• 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 should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.

  Ludwig von Mises

  Running, Attitude, Real

  Ludwig Von Mises (1944). “Bureaucracy”

• There is no use in deceiving ourselves. American public opinion rejects the market economy, the capitalistic free enterprise system that provided the nation with the highest standard of living ever attained. Full government control of all activities of the individual is virtually the goal of both national parties.

  Ludwig von Mises

  Party, Government, Goal

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

• Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.

  Ludwig von Mises

  Struggle, Government, Hands

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

• The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.

  Ludwig von Mises

  Freedom, Mean, Division Of Labor

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

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

  Ludwig von Mises

  Government, Political, Socialism

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

• It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.

  Ludwig von Mises

  Wish, Finals, Analysis

  Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

• 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.

  Ludwig von Mises

  Mean, Division Of Labor, Cooperation

  Ludwig Von Mises (1969). “Bureaucracy”, ICON Group International

• Profits are the driving force of the market economy. The greater the profits, the better the needs of the consumers are supplied... He who serves the public best, makes the highest profits.

  Ludwig von Mises

  Freedom, Business, Needs

• The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.

  Ludwig von Mises

  Strong, Capitalist Economy, Desire

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.336, VM eBooks

• The luxury of today is the necessity of tomorrow. Every advance first comes into being as the luxury of a few rich people, only to become, after a time, an indispensable necessity taken for granted by everyone. Luxury consumption provides industry with the stimulus to discover and introduce new, things. It is one of the dynamic factors in our economy. To it we owe the progressive innovations by which the standard of living of all strata of the population has been gradually raised.

  Ludwig von Mises

  Taken, Luxury, People

  Ludwig von Mises (2016). “Liberalism: The Classical Tradition: The Economist”, p.19, VM eBooks

• 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”

• In the market economy the worker sells his services as other people sell their commodities. The employer is not the employee's lord. He is simply the buyer of services which he must purchase at their market price.

  Ludwig von Mises

  People, Commodity, Lord

• If history could prove and teach us anything, it would be the private ownership of the means of production as a necessary requisite of civilization and material well-being. All civilizations have up to now been based on private property. Only nations committed to the principle of private property have risen above penury and produced science, art, and literature. There is no experience to show that any other social system could provide mankind with any of the achievements of civilization.

  Ludwig von Mises

  Wisdom, Art, Mean

• Socialism is the renunciation of rational economy.

  Ludwig von Mises

  Socialism, Economy, Rational

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.96, VM eBooks

• Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulates riches.

  Ludwig von Mises

  Order, Giving, Competition

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

• Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.

  Ludwig von Mises

  Mean, Simple, Division Of Labor

• Experience shows that nothing is operated with less economy and with more waste of labor and material of every kind than public services and undertakings. Private enterprise on the other hand naturally induces the owner to work with the greatest economy in his own interest.

  Ludwig von Mises

  Hands, Waste, Kind

  Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.157, VM eBooks

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

  Ludwig von Mises

  Business, Political, Doe

  Human Action: A Treatise on Economics ch. 15 (1949)

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