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Quote by Ludwig von Mises

“The only means to well-being is to increase the quantity of products. This is what business aims at.”

Quote by Ludwig von Mises

Book:Planned Chaos

Work

Planned Chaos is a speculative fiction novel that delves into the interplay between chaos and order in a thought-provoking narrative. The story unfolds in a world where the balance between the two is a central concern, offering readers a richly imagined backdrop for its exploration. 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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“It is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.”

Men Want Doe Bigs Common He Man Products Mass Luxury Shops Goods Present Day Big Business Common Man Luxury Goods

Book:An Interpretation of Social and Economic Evolution: The Economist

Source: An Interpretation of Social and Economic Evolution: The Economist

“What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.”

People Men Needs Matter Problem Social Institutions Productions Fund Portions What Matters Social Institutions Allocation

Book:Anti-Capitalistic Mentality, The

Source: Anti-Capitalistic Mentality, The

“Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.”

Men Able Individual Social Function Aim Fellows Competition Valuable Fellow Man Social Systems

Author:Ludwig von Mises

“It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.”

Ifs Doe Facts Challenges Pay Attention Impossible Economic Economics Pay Attention Conceit

Book:Human Action

Source: Human Action

“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.”

People Ifs Men Want Should Mean Ends Shows Values Decision Economics Tasks Ultimate Aim Chosen Judgement Definite Scope Theoretical Attainment Valuation

Book:Human Action

Source: Human Action

“In the world of reality, life, and human action there is no such thing as interests independent of ideas, preceding them temporarily and logically. What a man considers his interest is the result of his ideas.”

Men World Humans Ideas Reality Action Interest Results Independent Human Actions

Author:Ludwig von Mises

“It is the worst of all superstitions to assume that the epistemological characteristics of one branch of knowledge must necessarily be applicable to any other branch.”

Worst Assuming Characteristics Branches Superstitions

Book:The Ultimate Foundation of Economic Science: An Essay on Method

Source: The Ultimate Foundation of Economic Science: An Essay on Method

“Action based on reason, action therefore which is only to be understood by reason, knows only one end, the greatest pleasure of the acting individual.”

Knows Ends Reason Action Individual Pleasure Acting Understood Greatest Pleasures

Book:Socialism - An Economic and Sociological Analysis: The Economist

Source: Socialism - An Economic and Sociological Analysis: The Economist

“Reason and action are congeneric and homogenous, two aspects of the same phenomenon.”

Two Reason Action Aspect Phenomenon

Book:The Ultimate Foundation of Economic Science: An Essay on Method

Source: The Ultimate Foundation of Economic Science: An Essay on Method

“Science does not give us absolute and final certainty. It only gives us assurance within the limits of our mental abilities and the prevailing state of scientific thought.”

Giving Doe States Ability Limits Absolutes Finals Certainty Assurance Prevailing

Book:Method, Process, and Austrian Economics: Essays in Honor of Ludwig Von Mises

Source: Method, Process, and Austrian Economics: Essays in Honor of Ludwig Von Mises