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Quote by Ludwig von Mises

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The Ultimate Foundation of Economic Science: An Essay on Method

The Ultimate Foundation of Economic Science is a comprehensive treatise that examines the core concepts and methodologies of economics. The author critically analyzes the historical development of economic thought and offers insights into the logical structure and empirical basis of economic theories. more

Author

Ludwig von Mises
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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“So far as Feminism seeks to adjust the legal position of woman to that of man, so far as it seeks to offer her legal and economic freedom to develop and act in accordance with her inclinations, desires, and economic circumstances—so far it is nothing more than a branch of the great liberal movement, which advocates peaceful and free evolution.”

MenDesireFeminismEconomicMovementPositionEvolutionCircumstancesOffersPeacefulBranchesInclinationEconomic FreedomGreat Liberal
Book:Socialism - An Economic and Sociological Analysis: The Economist
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“Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.”

WayYearsHumansTwoEndsHappensActionPastFormCasesHappenedEconomicPolicyTheoryCrisisLaysLibraryProsperityCreditSentencesTwo YearsArticlesAgain And AgainMonetaryIllusoryHuman ActionsEconomic CrisisEconomic TheorySlumpsVon Mises
Author:Ludwig von Mises
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“It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.”

MomentsMovementCivilizationIntentionSavedMeritFascismDeniedEstablishmentDictatorshipInterventionBest Intentions
Book:The free and prosperous commonwealth: an exposition of the ideas of classical liberalism
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“Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.”

Would BeValuesDarkEconomyTakenImpossibleEconomicActivitySocialismRationalOperationsLeapCalculationsRenunciationEconomic Change
Author:Ludwig von Mises
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