Ludwig von Mises

A Quote by Ludwig von Mises on socialism, capitalism, freedom, russia, and united states

Socialism in Russia has not brought about an improvement in the conditions of the average man which can be compared with the improvement of conditions, during the same period, in the United States.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 36

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A Quote by Ludwig von Mises on libertarianism and government

A famous, very often quoted phrase says: "That government is best, which governs least." I do not believe this to be a correct description of of the functions of a good government. Government ought to do all the things for which it is needed and for which it is established. Government ought to protect the individuals within the country against the violent and fraudulent attacks of gangsters, and it should defend the country against foreign enemies. These are the functions of government within a free system, within the system of the market economy.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 37

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A Quote by Ludwig von Mises on capitalism

The famous old story, repeated hundreds of times, that the factories employed women and childredn and that these women and children, before they were working in factories, had lived under satisfactory conditions, is one of the greatest falsehoods of history...

And all the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of Englad doubled, which means that hundreds or thousands of children--who would have died in preceding times--survived and grew to become men and women. 

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 6

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism and living standards

Today, in the capitalist countries, there is relatively little difference between the basic life of the so-called higher and lower classes; both have food, clothing, and shelter. But in the eighteenth century and earlier, the differences between the man of the middle class and the man of the lower class was that the man of the middle class had shoes and the man of the lower class did not have shoes.  

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 9

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism, communism, and karl marx

The capitalist system was termed "capitalism" not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 10

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism

A country becomes more prosperous in proportion to the rise in the invested capital unit per unit of its population.  

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 14

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A Quote by Ludwig von Mises on capitalism, free markets, and market economy

Free markets. What does this system mean? The answer is simple: it is the market economy, it is the system in which the cooperation of individuals in the social division of labor is achieved by the market.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 17

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A Quote by Ludwig von Mises on capitalism and communism

The fact is that, under a capitalistic system, the ultimate bosses are the consumers. The sovereign is not the state, it is the people.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 21

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism

Two hundred years ago, before the advent of capitalism, a man's social status was fixed from the beginning to the end of his life; he inherited it from his ancestors and it never changed.

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 1

Contributed by: Brian

A Quote by Ludwig von Mises on capitalism and population

You know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.    

Ludwig von Mises

Source: Economic Policy: Thoughts for Today and Tomorrow, Pages: 5..6

Contributed by: Brian

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