Ludwig von Mises Quotes About Innovation

Quotes about: Innovation

• 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

• Every innovation makes its appearance as a 'luxury' of the few well-to-do. After industry has become aware of it, the luxury then becomes a 'necessity' for all.

  Ludwig von Mises

  Luxury, Innovation, Appearance

• Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pictures, and variety of less spectacular but no less useful innovations. These new products were certainly not an achievement of offices and bureaucrats.

  Ludwig von Mises

  Moving, Airplane, Talking

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

• The bureaucrat is not free to aim at improvement. He is bound to obey rules and regulations established by a superior body. He has no right to embark upon innovations if his superiors do not approve of them. His duty and his virtue is to be obedient.

  Ludwig von Mises

  Innovation, Rules And Regulations, Body

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

• Innovation is the whim of an elite before it becomes a need of the public.

  Ludwig von Mises

  Innovation, Needs, Whim

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