Ludwig von Mises Quotes

Ludwig von Mises Quotes

What is called "orthodox" economics is in most countries barred from the universities and is virtually unknown to the leading statesmen, politicians, and writers. The blame for the unsatisfactory state of economic affairs can certainly not be placed upon a science which both rulers and masses despise and ignore. -- Human Action

What is wrong with our age is precisely the widespread ignorance of the role which these policies of economic freedom played in the technological evolution of the last two hundred years. People fell prey to the fallacy that the improvement of the methods of production was contemporaneous with the policy of laissez faire only by accident. -- Human Action

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

The common man is the sovereign consumer whose buying or abstention from buying ultimately determines what should be produced and in what quantity and quality.

Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends. -- Human Action

He who acts under an emotional impulse also acts. What distinguishes an emotional action from other actions is the valuation of input and output. Emotions disarrange valuations. Inflamed with passion, man sees the goal as more desirable and the price he has to pay for it as less burdensome than he would in cool deliberation. -- Human Action

What can prevent the coming of totalitarian socialism is only a thorough change in ideologies. What we need is neither anti-socialism nor anti-communism but an open positive endorsement of that system to which we owe all the wealth that distinguishes our age from the comparatively straitened conditions of ages gone by. -- Middle-of-the-Road Policy Leads to Socialism

The recurrence of periods of depression and mass unemployment has discredited capitalism in the opinion of injudicious people. Yet these events are not the outcome of the operation of the free market. They are on the contrary the result of well-intentioned but ill-advised government interference with the market. -- Middle-of-the-Road Policy Leads to Socialism

Bartlett's Familiar Quotations The Wit and Wisdom of Mark Twain : A Book of Quotations America's Founding Fathers: Their Uncommon Wisdom and Wit The Oxford Dictionary of Quotations
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