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Quote by Ludwig von Mises

“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.”

Quote by Ludwig von Mises

Book:Anti-Capitalistic Mentality, The

Work

Anti-Capitalistic Mentality, The

This book delves into the principles and philosophies that underpin anti-capitalism, exploring its historical context, theoretical foundations, and its impact on various aspects of life and the economy. 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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“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

“Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and the theories.”

Ideas Facts Theory Prove Decided Explanation Interpretation

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

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

“The class of those who have the ability to think their own thoughts is separated by an unbridgeable gulf from the class of those who cannot.”

Thinking Ability Class

Author:Ludwig von Mises