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Quote by Ludwig von Mises

“Capitalism gave the world what it needed, a higher standard of living for a steadily increasing number of people.”

Quote by Ludwig von Mises

Book:Human Action

Work

This comprehensive treatise delves into the theoretical foundations of economics, examining the actions and interactions of individuals and societies. It offers a detailed analysis of economic phenomena, emphasizing the role of individual human action in shaping economic outcomes. more

Author

Ludwig von Mises

Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more

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“In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism.”

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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.”

“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.”

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“The market economy-capitalism-is a social system of consumers' supremacy.”

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“Capitalism needs neither propaganda nor apostles. Its achievements speak for themselves. Capitalism delivers the goods.”

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“The system that would stand midway between capitalism and socialism.”

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“Fact is Our Lord knew all about the power of money: He gave capitalism a tiny niche in His scheme of things, He gave it a chance, He even provided a first installment of funds. Can you beat that? It's so magnificent. God despises nothing. After all, if the deal had come off, Judas would probably have endowed sanatoriums, hospitals, public libraries or laboratories.”

Ifs Firsts Facts Chance Deals Lord Beats Capitalism Library Tiny Fund Hospitals Despise Schemes Magnificent Our Lord Laboratory Niche Public Library Judas

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“The most eloquent eulogy of capitalism was made by its greatest enemy. Marx is only anti-capitalist in so far as capitalism is out of date.”

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“Predatory capitalism created a complex industrial system and an advanced technology; it permitted a considerable extension of democratic practice and fostered certain liberal values, but within limits that are now being pressed and must be overcome. It is not a fit system for the mid-twentieth century.”

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