| 65 Famous 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 |
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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 |
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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.”
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“What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.”
Finance and economics Quotes |
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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 |
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“Economics is not about things and tangible material objects; it is about men, their meanings and actions.”
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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.”
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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 |
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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 |
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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.”
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“The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.”
Finance and economics Quotes |
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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 |
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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 |
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“Reason and action are congeneric and homogenous, two aspects of the same phenomenon.”
Psychological subjects Quotes |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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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 |
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“It is the worst of all superstitions to assume that the epistemological characteristics of one branch of knowledge must necessarily be applicable to any other branch.”
Psychological subjects Quotes |
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“Reason's biological function is to preserve and promote life and to postpone its extinction as long as possible. Thinking and acting are not contrary to nature; they are, rather, the foremost features of man's nature. The most appropriate description of man as differentiated from nonhuman beings is: a being purposively struggling against the forces adverse to his life.”
Psychological subjects Quotes |
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“Reason is the main resource of man in his struggle for survival.”
Psychological subjects Quotes |
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Ludwig Von Mises Quotes, Quotations, and Sayings
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