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Quote by Ludwig von Mises

“The philosophy commonly called individualism is a philosophy of social cooperation and the progressive intensification of the social nexus.”

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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“All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view of their authors and advocates valuations - is less desirable than the previous state of affairs which they were designed to alter.”

Ends States Views Liberty Failing Economic Achieve Economics Affair Point Of View Variety Supporter Desirable Interference Valuation

Book:Bureaucracy

Source: Bureaucracy

“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.”

Should Mean Results Liberty Economic Involved Economics Crisis Finals Credit Alternatives Collapse Currency Expansion Avoiding Catastrophe Abandonment

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“Whoever prefers life to death, happiness to suffering, well-being to misery must defend without compromise private ownership in the means of production.”

Wells Mean Suffering Liberty Economic Economics Misery Productions Libertarian Compromise Well Being Libertarianism Ownership

Author:Ludwig von Mises

“Not mythical material productive forces, but reason and ideas determine the course of human affairs. What is needed to stop the trend toward socialism and despotism is common-sense and moral courage.”

Humans Ideas Reason Courses Force Common Liberty Moral Economic Materials Needed Economics Affair Determine Socialism Common Sense Productive Trends Despotism Moral Courage

Book:Planned Chaos

Source: Planned Chaos

“[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics”

Long Government Law Liberty Records Economic Policy Economics Libertarian Libertarianism Disregard Government Policy

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“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.”

Mean Wish Liberty Economic Modern Civilization Economics Foundation Property Including Productions Criticize Ownership Private Property Modern Civilization

Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

Source: The free and prosperous commonwealth: an exposition of the ideas of classical liberalism

“The real bosses in the capitalist system of market economy are the consumers. They by their buying and by their abstention from buying decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses.”

Source: Bureaucracy

“Human envy is certainly not one of the sources of discontent that a free society can eliminate. It is probably one of the essential conditions for the preservation of such a society that we do not countenance envy, not sanction its demands by camouflaging it as social justice, but treat it, in the words of John Stuart Mill, as 'the most anti-social and evil of all passions.'”

“Capitalism is not only a better form of organizing human activity than any deliberate design, any attempt to organize it to satisfy particular preferences, to aim at what people regard as beautiful or pleasant order, but it is also the indispensable condition for just keeping that population alive which exists already in the world. I regard the preservation of what is known as the capitalist system, of the system of free markets and the private ownership of the means of production, as an essential condition of the very survival of mankind.”

“The principle that the end justifies the means is in individualist ethics regarded as the denial of all morals. In collectivist ethics it becomes necessarily the supreme rule.”

Mean Ends Liberty Moral Principles Economic Ethics Economics Supreme Denial Justify Ends Justify The Means Road To Serfdom

Author:Friedrich August von Hayek