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Ludwig von Mises Quotes - Page 16

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The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic

The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.

Ludwig von Mises
Competition, Libertarian, Today

In order to succeed in business a man does not need a degree from a school of business administration. These schools train the subalterns for routine jobs. They certainly do not train entrepreneurs.

Ludwig von Mises
Jobs, School, Men

All attempts to coerce the living will of human beings into the service of something they do not want must fail

Ludwig von Mises
Want, Failing, Humans
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.263, VM eBooks

The program of liberalism if condensed into a single word, would have to read: property, that is, private ownership of the means of production.

Ludwig von Mises
Liberty, Libertarian, Economic
"The free and prosperous commonwealth: an exposition of the ideas of classical liberalism".

The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state.

Ludwig von Mises
Civilization, America, Essentials
Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.

Ludwig von Mises
Hurt, People, Experts
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

The capitalistic social order, therefore, is an economic democracy in the strictest sense of the word. In the last analysis, all decisions are dependent on the will of the people as consumers. Thus, whenever there is a conflict between the consumers' views and those of the business managers, market pressures assure that the views of the consumers win out eventually.

Ludwig von Mises
Winning, Views, Order
Ludwig Von Mises (1978). “On the Manipulation of Money and Credit”, Dobbs Ferry, N.Y. : Free Market Books

The aim of all struggles for liberty is to keep in bounds the armed defenders of peace, the governors and their constables. The political concept of the individual's freedom means: freedom from arbitrary action on the part of the police power.

Ludwig von Mises
Struggle, Mean, Political
Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.90, Ludwig von Mises Institute

Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.

Ludwig von Mises
Mean, Division Of Labor, Cooperation
Ludwig Von Mises (1969). “Bureaucracy”, ICON Group International

Inflation is essentially antidemocratic.

Ludwig von Mises
Inflation
Ludwig Von Mises (1985). “Omnipotent Government: The Rise of the Total State and Total War”, Libertarian Press

Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower the rate of interest or to abolish it altogether, to finance lavish government spending, to expropriate the capitalists, to contrive everlasting booms, and to make everybody prosperous.

Ludwig von Mises
Struggle, Government, Hands
Ludwig Von Mises (1963). “Human action: a treatise on economics”

Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.

Ludwig von Mises
Mean, Increase, Rendering
Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

Government means always coercion and compulsion and is by necessity the opposite of liberty.

Ludwig von Mises
Freedom, Mean, Government
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

This, then, is freedom in the external life of man-that he is independent of the arbitrary power of his fellows.

Ludwig von Mises
Independent, Men, Liberty
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.168, VM eBooks

In life everything is continually in flux.

Ludwig von Mises
Flux
Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.117, Ludwig von Mises Institute

As soon as the economic freedom which the market economy grants to its members is removed, all political liberties and bills of rights become humbug.

Ludwig von Mises
Rights, Political, Liberty
Ludwig Von Mises (1990). “Economic freedom and interventionism: an anthology of articles and essays”

The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.

Ludwig von Mises
Strong, Capitalist Economy, Desire
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.336, VM eBooks

If the present American laws concerning the taxation of the profits of corporations, the incomes of individuals, and inheritances had been introduced about 60 years ago, all those new products whose consumption has raised the standard of living of the 'common man' would either not be produced at all or only in small quantities for the benefit of a minority. The Ford enterprises would not exist if Henry Ford's profits had been taxed away as soon as they came into being.

Ludwig von Mises
Men, Years, Law

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.

Ludwig von Mises
Branches, Superstitions, Assuming
Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconscious convinced of the untenability of their own doctrines.

Ludwig von Mises
Fighting, Police, Doctrine

Innovation is the whim of an elite before it becomes a need of the public.

Ludwig von Mises
Innovation, Needs, Whim

The consumers suffer when the laws of the country prevent the most efficient entrepreneurs from expanding the sphere of their activities. What made some enterprises develop into "big business" was precisely their success in filling best the demand of the masses.

Ludwig von Mises
Country, Law, Entrepreneur
Ludwig Von Mises (1947). “Planned Chaos”, p.6, Ludwig von Mises Institute

If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.

Ludwig von Mises
Entrepreneur, Demand, Heirs
Ludwig von Mises (2016). “Socialism - An Economic and Sociological Analysis: The Economist”, p.342, VM eBooks

The consumers are asking for, they lose their office. Their task is service to the consumer. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities.

Ludwig von Mises
Mean, Loss, Office
Ludwig Von Mises (1969). “Bureaucracy”, ICON Group International

The philosophy of protectionism is a philosophy of war.

Ludwig von Mises
Peace, Philosophy, War

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