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Ludwig von Mises

Ludwig von Mises Quotes

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Famous Ludwig von Mises Quotes

“The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped. What the advocates of these tax rates fail to realize is that the greater part of the incomes taxed away would not have been consumed but saved and invested.”

WellsHas BeensPhilosophyRealizingWealthClassGreaterFailingTaxesRateSavedIncomeProgressiveTaxationConsumedIncome TaxProgressive Taxation
Book:Middle of the Road Policy Leads to Socialism
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“The market steers the capitalistic economy. It directs each individual's activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.”

MenWantMeanWholeOrderIndividualSocialEconomyActivityFellowsProductionsEnterpriseOwnershipFellow ManSteersFree EnterpriseSocial Systems
Book:Planning for freedom, and sixteen other essays and addresses
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“In a game there are winners and losers. But a business deal is always advantageous for both parties. If both the buyer and the seller were not to consider the transaction as the most advantageous action they could choose under the prevailing conditions, they would not enter into the deal.”

IfsActionGamesDealsPartyConditionsWinnerLoserTransactionsPrevailingSellersBuyersWinner And LoserBusiness Deals
Book:The Ultimate Foundation of Economic Science: An Essay on Method
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“What makes the existence and the evolution of society possible is precisely the fact that peaceful cooperation under the social division of labor in the long run best serves the selfish concerns of all individuals. The eminence of the market society is that its whole functioning and operation is the consummation of this principle.”

LongWholeFactsRunningIndividualSocialExistencePrinciplesEvolutionConcernLaborSelfishPeacefulOperationsDivisionCooperationLong RunsEminenceDivision Of LaborSocial Division
Author:Ludwig von Mises
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“He who accepts life for what it is and never allows himself to be overwhelmed by it does not need to seek refuge for his crushed self-confidence in the solace of a 'saving lie'. If the longed-for success is not forthcoming, if the vicissitudes of fate destroy in the twinkling of an eye what had to be painstakingly built up by years of hard work, then he simply multiplies his exertions. He can look disaster in the eye without despairing.”

IfsNeedsYearsLooksDoeSelfHardEyeLyingAcceptingFateHard WorkBuiltSelf ConfidenceDisasterSavingRefugeOverwhelmedCrushedSolaceExertionTwinklingVicissitudesForthcoming
Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism
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“The most successful businessmen were often uneducated when measured by the scholastic standards of the teaching profession. But they were equal to their social function of adjusting production to the most urgent demand. Because of these merits the consumers chose them for business leadership.”

SocialSuccessfulTeachingDemandEqualStandardsFunctionProductionsProfessionConsumersMeritBusinessmanUrgentSuccessful BusinessBusiness LeadershipUneducatedAdjustingScholasticsSuccessful BusinessmanTeaching Profession
Book:Human action: a treatise on economics
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“The characteristic feature of modern capitalism is mass production of goods destined for consumption by the masses. The result is a tendency towards a continuous improvement in the average standard of living, a progressing enrichment of the many.”

ResultsProgressModernMassStandardsCapitalismAverageProductionsImprovementTendenciesFeaturesCharacteristicsGoodsConsumptionDestinedStandards Of LivingContinuous ImprovementEnrichmentMass Production
Author:Ludwig von Mises
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