Home / Quotes / Quote by Ludwig von Mises

Quote by Ludwig von Mises

“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.”

Quote by Ludwig von Mises

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

You May Also Like

“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.”

Mean Matter Government Political Individual Economic Capitalism Capacity Management Productions Socialism Consumers Boards Enterprise Voters Spheres Sovereignty Supremacy Free Enterprise

Book:Bureaucracy

Source: Bureaucracy

“If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.”

Ifs Kind Reason Government Action Moral Weakness Capitalism Accounts Socialism Rejects Laissez Faire Fallibility

Book:Planning for freedom, and twelve other essays and addresses

Source: Planning for freedom, and twelve other essays and addresses

“Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.”

Government Political Economy Capitalism Tyranny Socialism Representatives Market Economy Representative Government

Book:Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

Source: Planning for Freedom: Let the Market System Work : a Collection of Essays and Addresses

“A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”

Men Humans Doe Two Social Human Beings Capitalism Socialism Alternatives Cooperation Social Systems Disintegration Capitalism And Socialism

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“The desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.”

Desire Strong Force Wealth Economy Violence Capitalism Weak Increase Method Satisfied Socialism Acquire Capitalist Petitions Capitalist Economy

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

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

“For it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.”

Men Differences Liberty Essentials Capitalism Economics Productions Socialism Capitalist Socialist

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

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

“Liberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.”

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

“The salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.”

Men Kind Asks Nice Capitalism Grateful Customers Socialism Thanks Great Men Shops Be Kind Being Nice Be Grateful Salesman Submissive Patronizing

Book:Omnipotent Government: The Rise of the Total State and Total War

Source: Omnipotent Government: The Rise of the Total State and Total War

“There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.”

Way Play Government Choices Middle Capitalism Management Productions Socialism Distribution Interference Delegates Middle Way Free Play

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 tragedy of young-earth creationism is that it takes a relatively recent and extreme view of Genesis, applies to it an unjustified scientific gloss, and then asks sincere and well-meaning seekers to swallow this whole, despite the massive discordance with decades of scientific evidence from multiple disciplines. Is it any wonder that many sadly turn away from faith concluding that they cannot believe in a God who asks for an abandonment of logic and reason?”