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Ludwig von Mises

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Famous Ludwig von Mises Quotes

“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.”

PeopleLastsOrderWinningSocialDecisionViewsDemocracyEconomicConflictCapitalismPressureManagersConsumersAnalysisDependentSocial Order
Book:On the Manipulation of Money and Credit
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“The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what”

PeopleIfsGivingDemocracyFailingEconomicProduceCostCapitalismVoteEntrepreneurProductionsConsumersFarmersCapitalistSovereignLowestPenniesRight To Vote
Book:Bureaucracy
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“We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem are out of reach of mortal men. What the operation of a market not sabotaged by the interference of compulsion and coercion can bring about is merely the best solution accessible to the human mind under the given state of technological knowledge and the intellectual abilities of the age's shrewdest men.”

MenMindHumansStatesProblemAgeGivenAbilityPerfectEconomicIntellectualSolutionsCapitalismProductionsFactorsMortalsOperationsGuaranteesHuman MindCapitalistTechnologicalCompulsionCoercionCalculationsInterferenceAllocationFactors Of Production
Author:Ludwig von Mises
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“All the talk about the so-called unspeakable horror of early capitalism can be refuted by a single statistic: precisely in these years in which British capitalism developed, precisely in the age called the Industrial Revolution in England, in the years from 1760 to 1830, precisely in those years the population of England doubled.”

YearsAgeRevolutionHorrorCapitalismEnglandPopulationBritishUnspeakableIndustrial Revolution
Book:Economic Policy: Thoughts for Today and Tomorrow
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“While under precapitalistic conditions superior men were the masters on whom the masses of the inferior had to attend, under capitalism the more gifted and more able have no means to profit from their superiority other than to serve to the best of their abilities the wishes of the majority of the less gifted.”

MenMeanAbleWishAbilityConditionsMastersMassCapitalismMajorityProfitEqualitySuperiorsInferiorsGiftedSuperioritySuperior ManEgalitarianism
Book:Money, method, and the market process: essays
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“There is but one means available to improve the material conditions of mankind: to accelerate the growth of capital accumulated as against the growth in population. The greater the amount of capital invested per head of the worker, the more and better goods can be produced and consumed. This is what capitalism, the much abused profit system, has brought about and brings about daily anew. Yet, most present-day governments and political parties are eager to destroy this system.”

MeanGovernmentPoliticalGrowthPartyGreaterConditionsMankindMaterialsAmountCapitalismWorkersPopulationProfitAvailableGoodsPolitical PartiesConsumedPresent DayAccelerate
Author:Ludwig von Mises
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