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 Ludwig von Mises Quotes
65 Famous Quotes by Ludwig von Mises
9/29/1881 - 10/10/1973
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Ludwig Von Mises
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About Ludwig von Mises

Progress is precisely that which the rules and regulations did not foresee.

Politics / government Quotes, by Ludwig von Mises

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...the only means to well-being is to increase the quantity of products. This is what business aims at.

Finance and economics Quotes, by Ludwig von Mises

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...it is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.

Finance and economics Quotes, by Ludwig von Mises

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The meaning of economic freedom is this: that the individual is in a position to choose the way in which he wants to integrate himself into the totality of society.

Finance and economics Quotes, by Ludwig von Mises

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Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow...

Finance and economics Quotes, by Ludwig von Mises

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Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.

Finance and economics Quotes, by Ludwig von Mises

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The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.

Finance and economics Quotes, by Ludwig von Mises

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All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out.

Finance and economics Quotes, by Ludwig von Mises

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What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.

Finance and economics Quotes, by Ludwig von Mises

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Economics is not about things and tangible material objects; it is about men, their meanings and actions.

Finance and economics Quotes, by Ludwig von Mises

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It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.

Finance and economics Quotes, by Ludwig von Mises

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Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.

Finance and economics Quotes, by Ludwig von Mises

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As the science of economics...exploded the fallacies of every brand of utopianism, it was outlawed and stigmatized as unscientific.

Finance and economics Quotes, by Ludwig von Mises

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He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.

Finance and economics Quotes, by Ludwig von Mises

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Value is not intrinsic; it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment.

Finance and economics Quotes, by Ludwig von Mises

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Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.

Psychological subjects Quotes, by Ludwig von Mises

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Reason and action are congeneric and homogenous, two aspects of the same phenomenon.

Psychological subjects Quotes, by Ludwig von Mises

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It is impossible to describe any human action if one does not refer to the meaning the actor sees in the stimulus as well as in the end his response is aiming at.

Psychological subjects Quotes, by Ludwig von Mises

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Science does not give us absolute and final certainty. It only gives us assurance within the limits of our mental abilities and the prevailing state of scientific thought.

Psychological subjects Quotes, by Ludwig von Mises

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Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained. There are no schools for creativeness. A genius is precisely a man who defies all schools and rules, who deviates from the traditional roads of routine and opens up new paths through land inaccessible before. A genius is always a teacher, never a pupil; he is always self-made.

Psychological subjects Quotes, by Ludwig von Mises

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Education rears disciples, imitators, and routinists, not pioneers of new ideas and creative geniuses. The schools are not nurseries of progress and improvement, but conservatories of tradition and unvarying modes of thought.

Psychological subjects Quotes, by Ludwig von Mises

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Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and the theories.

Psychological subjects Quotes, by Ludwig von Mises

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In the world of reality, life, and human action there is no such thing as interests independent of ideas, preceding them temporarily and logically. What a man considers his interest is the result of his ideas.

Psychological subjects Quotes, by Ludwig von Mises

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The class of those who have the ability to think their own thoughts is separated by an unbridgeable gulf from the class of those who cannot.

Psychological subjects Quotes, by Ludwig von Mises

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To illustrate the difference between the innovator and the dull crowd of routinists who cannot even imagine that any improvement is possible, we need only refer to a passage in Engel's most famous book. Here, in 1878, Engels apodictically announced that military weapons are "now so perfected that no further progress of any revolutionizing influence is any longer possible." Henceforth "all further [technological] progress is by and large indifferent for land warfare. The age of evolution is in this regard essentially closed." This complacent conclusion shows in what the achievement of the innovator consists: he accomplishes what other people believe to be unthinkable and unfeasible.

Psychological subjects Quotes, by Ludwig von Mises

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