economy

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

Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 141

Contributed by: peter

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 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, economy, and society

Every step by which an individual substitutes concerted action for isolated action results in an immediate and recognizable improvement in his conditions. The advantages derived from peaceful cooperation and division of labor are universal.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 146

Contributed by: peter

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

Once the principle is admitted that it is duty of government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.

Ludwig von Mises

Source: Human Action: A Treatise on Economics (Scholars Edition), Pages: 728..729

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

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