Ludwig von Mises: Trending quotes

Ludwig von Mises trending quotes. Read the latest quotes in collection

Ludwig von Mises: 124 quotes131 likes

“All rational action is economic. All economic activity is rational action. All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.”

Ludwig von Mises book Socialism

Part II : The Economics of a Socialist Community, § I : The Economics of an Isolated Socialist Community, Ch. 5 : The Nature of Economic Activity, p. 97 http://www.econlib.org/library/Mises/msS3.html#Part%20II,Ch.5 Socialism (1922) Source: Socialism: An Economic and Sociological Analysis

“The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people.”

Ludwig von Mises

Ch. VII : The Economic, Social, and Political Consequences of Interventionism § 1. The Economic Consequences https://fee.org/resources/interventionism-an-economic-analysis-2#economic Interventionism: An Economic Analysis https://fee.org/resources/interventionism-an-economic-analysis/ (1940) Context: The unhampered market economy is not a system which would seem commendable from the standpoint of the selfish group interests of the entrepreneurs and capitalists. It is not the particular interests of a group or of individual persons that require the market economy, but regard for the common welfare. It is not true that the advocates of the free-market economy are defenders of the selfish interests of the rich. The particular interests of the entrepreneurs and capitalists also demand interventionism to protect them against the competition of more efficient and active men. The free development of the market economy is to be recommended, not in the interest of the rich, but in the interest of the masses of the people.

“In fact, however, the supporters of the welfare state are utterly anti-social and intolerant zealots.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)
Context: In fact, however, the supporters of the welfare state are utterly anti-social and intolerant zealots. For their ideology tacitly implies that the government will exactly execute what they themselves deem right and beneficial. They entirely disregard the possibility that there could arise disagreement with regard to the question of what is right and expedient and what is not. They advocate enlightened despotism, but they are convinced that the enlightened despot will in every detail comply with their own opinion concerning the measures to be adopted. They favour planning, but what they have in mind is exclusively their own plan, not those of other people. They want to exterminate all opponents, that is, all those who disagree with them. They are utterly intolerant and are not prepared to allow any discussion. Every advocate of the welfare state and of planning is a potential dictator. What he plans is to deprive all other men of all their rights, and to establish his own and his friends' unrestricted omnipotence. He refuses to convince his fellow-citizens. He prefers to "liquidate" them. He scorns the "bourgeois" society that worships law and legal procedure. He himself worships violence and bloodshed.

“Economic knowledge necessarily leads to liberalism.”

Ludwig von Mises

“The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“The proof of a theory is in its reasoning, not in its sponsorship”

Ludwig von Mises

Theory of Money and Credit http://www.econlib.org/library/Mises/msT1.html (1912) Source: http://www.econlib.org/library/Mises/msT2.html#I.5.12 | Theory of Money and Credit

“There were nowhere more docile disciples of Lenin, Trotsky and Stalin than the Nazis were.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“The state is God, deifies arms and prisons. The worship of the state is the worship of force. There is no more dangerous menace to civilization than a government of incompetent, corrupt, or vile men. The worst evils which mankind ever had to endure were inﬂicted by bad governments. The state can be and has often been in the course of history the main source of mischief and disaster.”

Ludwig von Mises

Source: Omnipotent Government: The Rise of the Total State and Total War (1944), Chapter III: Etatism

“All this talk: the state should do this or that, ultimately means: the police should force consumers to behave otherwise than they would behave spontaneously.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“As the liberal sees it, the task of the state consists solely and exclusively in guaranteeing the protection of life, health, liberty, and private property against violent attacks. Everything that goes beyond this is an evil. A government that, instead of fulfilling its task, sought to go so far as actually to infringe on personal security of life and health, freedom, and property would, of course, be altogether bad.”

Ludwig von Mises book Liberalism

Source: Liberalism (1927), Ch. 1 : The Foundations of Liberal Policy § 11. The Limits of Governmental Activity

“You have the courage to tell the masses what no politician told them: you are inferior and all the improvements in your conditions which you simply take for granted you owe to the effort of men who are better than you. If this be arrogance, as some of your critics observed, it is still the truth that had to said in the age of the Welfare State.”

Ludwig von Mises

Mises' letter to Ayn Rand praising Atlas Shrugged,(23 January 1958), quoted in Mises: The Last Knight of Liberalism (2007).

“For the time being, the ominous peril of the communist parties in the West lies in their stand on foreign affairs. The distinctive mark of all present-day communist parties is their devotion to the aggressive foreign policy of the Soviets. Whenever they must choose between Russia and their own country, they do not hesitate to prefer Russia. Their principle is: Right or wrong, my Russia. They strictly obey all orders issued from Moscow. When Russia was an ally of Hitler, the French communists sabotaged their own country's war effort and the American communists passionately opposed President Roosevelt's plans to aid England and France in their struggle against the Nazis.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“The characteristic mark of this age of dictators, wars and revolutions is its anti-capitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-round regimentation of economic activities is both inescapable and highly desirable.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.”

Ludwig von Mises book Human Action

Human Action (1949)

“It is a fact that Mussolini entered the scene of world politics as an ally of the democracies, while Lenin entered it as a virtual ally of imperial Germany.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.”

Ludwig von Mises book Socialism

Part V : The Economics of a Socialist Community, § V : Destructionism, Ch. 33 : The Motive Powers of Destructionism, p. 440 http://www.econlib.org/library/Mises/msS12.html#V.34.35,Ch.33 Socialism (1922)

“From a correct Marxian point of view … all measures designed to restrain, to regulate and to improve capitalism were simply "petty-bourgeois" nonsense … True socialists should not place any obstacles in the way of capitalist evolution. For only the full maturity of capitalism could bring about socialism. It is not only vain, but harmful to the interests of the proletarians to resort to such measures.”

Ludwig von Mises book Socialism

Socialism (1922), Epilogue (1947)

“A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses between life and death. 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.”

Ludwig von Mises book Human Action

1963 edition, p. 680
Human Action (1949)

“Socialism is the watchword and the catchword of our day. The socialist idea dominates the modem spirit. The masses approve of it. It expresses the thoughts and feelings of all; it has set its seal upon our time. When history comes to tell our story it will write above the chapter "The Epoch of Socialism."
As yet, it is true, Socialism has not created a society which can be said to represent its ideal. But for more than a generation the policies of civilized nations have been directed towards nothing less than a gradual realization of Socialism.”

Ludwig von Mises book Socialism

Introduction : The Success of Socialist Ideas
Socialism (1922)

“The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.”

Ludwig von Mises book Liberalism

Source: Liberalism