Ludwig von Mises

A Quote by Ludwig von Mises on economy, business, and freedom

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

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 805

Contributed by: peter

A Quote by Ludwig von Mises on human action and history

The supremacy of public opinion determines not only the singular role that economics occupies in the complex of thought and knowledge. It determines the whole process of human history.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 859

Contributed by: peter

A Quote by Ludwig von Mises on society, ideas, and economy

The flowering of human society depends on two factors: the intellectual power of outstanding men to conceive sound social and economic theories, and the ability of these or other men to make these ideologies palatable to the majority.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 860

Contributed by: peter

A Quote by Ludwig von Mises on cooperation, society, and free will

The member of a contractual society is free because he serves others only in serving himself. What restrains him is only the inevitable natural phenomenon of scarcity.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 280

Contributed by: peter

A Quote by Ludwig von Mises on economy, economics, and human action

Economics is not about goods and services; it is about human choice and action.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 491

Contributed by: peter

A Quote by Ludwig von Mises on economy, society, wisdom, and civilization

The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 885

Contributed by: peter

A Quote by Ludwig von Mises on entrepreneurship, entrepreneur, profit, economy, and money

The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 288

Contributed by: peter

A Quote by Ludwig von Mises on equality, justice, economy, and politics

What those people who ask for equality have in mind is always an increase in their own power to consume.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 836

Contributed by: peter

A Quote by Ludwig von Mises on economy, liberty, freedom, and cooperation

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

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 258

Contributed by: peter

A Quote by Ludwig von Mises on liberty, freedom, happiness, government, and politics

Government means always coercion and compulsion and is by necessity the opposite of liberty.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 283

Contributed by: peter

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