Ludwig von Mises Quotes About Loss

Quotes about: Loss

• 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”

• Resentment is at work when one so hates somebody for his more favorable circumstances that one is prepared to bear heavy losses if only the hated one might also come to harm. Many of those who attack capitalism know very well that their situation under any other economic system will be less favorable.

  Ludwig von Mises

  Hate, Loss, Might

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

• The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.

  Ludwig von Mises

  Mean, Loss, Office

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

• In relation to the immense sacrifices that the state demands of the individual through the blood tax, it seems rather incidental whether it compensates the soldier more or less abundantly for the loss of time that he suffers from his military-service obligation.

  Ludwig von Mises

  Military, Loss, Sacrifice

• The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.

  Ludwig von Mises

  Mean, Eye, Loss

• Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.

  Ludwig von Mises

  Loss, Ideas, Decision

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

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