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Ludwig von Mises Quotes

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Famous Ludwig von Mises Quotes

“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.”

PeopleIfsMenWantShouldMeanEndsShowsValuesDecisionEconomicsTasksUltimateAimChosenJudgementDefiniteScopeTheoreticalAttainmentValuation
Book:Human Action
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“Socialism is not in the least what it pretends to be. It is not the pioneer of a better and finer world, but the spoiler of what thousands of years of civilization have created. It does not build, it destroys. For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.”

WorldYearsMeanDoeOrderSocialProduceCivilizationDestructionEssenceProductionsSocialismOwnershipPioneersSocial OrderSpoilers
Book:Socialism - An Economic and Sociological Analysis: The Economist
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“If history could prove and teach us anything, it would be the private ownership of the means of production as a necessary requisite of civilization and material well-being. All civilizations have up to now been based on private property. Only nations committed to the principle of private property have risen above penury and produced science, art, and literature. There is no experience to show that any other social system could provide mankind with any of the achievements of civilization.”

IfsWellsMeanArtShowsWisdomWould BeLiteraturePoliticsNationsSocialPrinciplesTeachEconomyMankindMaterialsCivilizationProveAchievementPropertyCommittedProductionsWell BeingLiberalismOwnershipRisenPrivate PropertySocial Systems
Author:Ludwig von Mises
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“Government means always coercion and compulsion and is by necessity the opposite of liberty. Government is a guarantor of liberty and is compatible with liberty only if its range is adequately restricted to the preservation of economic freedom. Where there is no market economy, the best-intentioned provisions of constitutions and laws remain a dead letter.”

IfsMeanGovernmentLawLibertyEconomyEconomicLettersOppositesConstitutionInvestingRangePreservationCompulsionProvisionCoercionCompatibleMarket EconomyEconomic Freedom
Book:Economic freedom and interventionism: an anthology of articles and essays
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“There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake.”

PeopleMenMeanImportantSelfMatterProblemTodayAbilityResponsibilityFateConditionsAcceptanceInvolvedDeterminationEconomicsPrejudiceIntelligentBlindInvestingSurrenderExpertsNeglectStakesElitesSelf DeterminationDominationRelianceAbandonmentPersonal ResponsibilityBirthrightIntelligent ManProgeny
Author:Ludwig von Mises
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“It is important to remember that government interference always means either violent action or the threat of such action. The funds that a government spends for whatever purposes are levied by taxation. And taxes are paid because the taxpayers are afraid of offering resistance to the tax gatherers. They know that any disobedience or resistance is hopeless. As long as this is the state of affairs, the government is able to collect the money that it wants to spend.”

ThinkingKnowsWantMeanLongImportantStatesGovernmentAbleActionRememberPurposeTaxesPaidThreatAffairViolentResistanceFundHopelessOfferingTaxationTaxpayersDisobedienceInterference
Book:Human Action
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“As society is only possible if everyone, while living his own life, at the same time helps others to live; if every individual is simultaneously means and end; if each individual's well-being is simultaneously the condition necessary to the well-being of others, it is evident that the contrast between I and thou, means and end, automatically is overcome.”

IfsWellsMeanEndsHelpingIndividualConditionsOvercomingHelping OthersWell BeingContrastEvident
Book:Socialism - An Economic and Sociological Analysis: The Economist
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“The goal of liberalism is the peaceful cooperation of all men. It aims at peace among nations too. When there is private ownership of the means of production everywhere and when laws, the tribunals and the administration treat foreigners and citizens on equal terms, it is of little importance where a country's frontiers are drawn... War no longer pays; there is no motive for aggression... All nations can coexist peacefully.”

MenMeanLittlesWarCountryLawNationsGoalTermPayCitizensEqualTreatsImportanceAimProductionsPeacefulAdministrationMotiveLiberalismCooperationAggressionOwnershipFrontiersForeignersCoexistTribunals
Author:Ludwig von Mises
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“The [liberals] consider profits as objectionable. The very existence of profits is in their eyes a proof that wage rates could be raised without harm to anybody. They speak of profit without dealing with loss. Profit and loss are the instruments by means of which the consumers keep a tight rein on all business activities. A profitable enterprise tends to expand; an unprofitable one tends to shrink. The elimination of profit renders production rigid and abolishes the consumer's control.”

MeanEyeSpeakLossExistenceActivityInstrumentsRaisedRateProfitProductionsHarmProofConsumersEnterpriseShrinksProfitableAbolishEliminationReinsProfit And Loss
Author:Ludwig von Mises
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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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“Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.”

MeanTwoSocialEconomyCapitalismOrganizationNotionPatternsProductionsContrarySocialismContradictoryMidwaySocial OrganizationCapitalism And SocialismMixed Economy
Author:Ludwig von Mises
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“Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.”

MeanMatterGovernmentPoliticalIndividualEconomicCapitalismCapacityManagementProductionsSocialismConsumersBoardsEnterpriseVotersSpheresSovereigntySupremacyFree Enterprise
Book:Bureaucracy
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“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

ShouldMeanResultsLibertyEconomicInvolvedEconomicsCrisisFinalsCreditAlternativesCollapseCurrencyExpansionAvoidingCatastropheAbandonment
Book:Human action: a treatise on economics
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“The foundation of any and every civilization, including our own, is private ownership of the means of production. Whoever wishes to criticize modern civilization, therefore, begins with private property.”

MeanWishLibertyEconomicModernCivilizationEconomicsFoundationPropertyIncludingProductionsCriticizeOwnershipPrivate PropertyModern Civilization
Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism
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“If we live our lives as a gift it is possible to reach a blissful state of eternal happiness. It is those who live their life with a sense of entitlement that undermine peace , freedom and liberty. Know that every breath is a miracle and every moment a blessing and you will achieve your dreams. Planning other people's actions means to prevent them from planning for themselves, means to deprive them of their essentially human quality, means enslaving them.”

PeopleIfsKnowsHumansMeanStatesMomentsDreamActionQualityLibertyOur LivesAchieveBlessingEternalMiracleBreathsPlanningYour DreamsEntitlementFreedom And LibertyHuman QualitiesEternal HappinessAchieving Your DreamsSense Of EntitlementOther People's Actions
Author:Ludwig von Mises
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“The market economy is the social system of the division of labor under private ownership of the means of production. Everybody acts on his own behalf; but everybodys actions aim at the satisfaction of other peoples needs as well as at the satisfaction of his own. Everybody in acting serves his fellow citizens.”

NeedsWellsMeanActionSocialFreedomActingLibertyEconomyCitizensLaborAimFellowsSatisfactionProductionsDivisionOwnershipBehalfMarket EconomySocial SystemsDivision Of Labor
Book:Human action: a treatise on economics
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“Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.”

WantShouldMeanDoeIndividualForceSocialProduceLaborEntrepreneurDetermineDivisionLaissez FaireSoullessDivision Of LaborSocial Division
Book:Planning for freedom, and sixteen other essays and addresses
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“It is important to remember that government interference always means either violent action or the threat of such action. Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.”

MenMeanImportantGovernmentActionLastsRememberEssentialsAskingPrisonThreatKillingSoldierViolentEmploymentFeaturesEnforcementResortsCompulsionPolicemenInterferenceDecreeHangmanPrison Guards
Book:Economic freedom and interventionism: an anthology of articles and essays
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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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“These people talk of a "middle-of-the-road" policy. What they do not see is that the isolated interference, which means the interference with only one small part of the economic system, brings about a situation which the government itself — and the people who are asking for government interference — find worse than the conditions they wish to abolish: the people who are asking for rent control are very angry when they discover there is a shortage of apartments and a shortage of housing.”

PeopleMeanGovernmentWishSituationEconomicMiddleConditionsPolicyAskingAngryIsolatedApartmentHousingInterferenceAbolishShortageEconomic SystemsSmall PartsMiddle Of The RoadRent Control
Author:Ludwig von Mises
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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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