Ludwig von Mises

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 politics, economy, and government

What the government spends more, the public spends less. Public works are not accomplished by the miraculous power of a magic wand. They are paid for by funds taken away from the citizens.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 655

Contributed by: peter

A Quote by Ludwig von Mises on life, ideas, and politics

The truth is that most people lack the intellectual ability and courage to resist a popular movement, however pernicious and ill-considered.

Ludwig von Mises

Source: PLANNED CHAOS, Pages: 88

Contributed by: peter

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

Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 97

Contributed by: peter

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

The vigorous man industriously striving for the improvement of his condition acts neither more nor less than the lethargic man who sluggishly takes things as they come. For to do nothing and to be idle are also action, they too determine the course of events.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 13

Contributed by: peter

A Quote by Ludwig von Mises on human action and economy

All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 97

Contributed by: peter

A Quote by Ludwig von Mises on economy and government

History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 847

Contributed by: peter

A Quote by Ludwig von Mises

A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism: is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 676

Contributed by: peter

A Quote by Ludwig von Mises on economy, politics, banking, finance, and inflation

The final outcome of the credit expansion is general impoverishment.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 562

Contributed by: peter

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