Ludwig von Mises

Economist Austrian-American 1881 – 1973

Developed Austrian school economics emphasizing human action and free markets.

403 quotes

"Self-discipline is the foundation of all true freedom."
Freedom
"Several economists of great ability have disagreed with the main teachings of Keynes."
Knowledge
"Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."
Wisdom
"Socialism is not in the least what its label pretends it to be."
Politics
"Some men fear nothing on earth, or in heaven, but the silence and solitude of a free and open mind."
Courage
"Statistical data are useful when dealing with large numbers of people."
Knowledge
"Subjective value is not intrinsic; it is the value men place on things."
Philosophy
"Success is the final test of correctness."
Success
"Tariffs are the parent of monopolies."
"The best way to destroy the capitalist system is to debauch the currency."
Money
"The capitalistic society is in harmony with nature."
Nature
"The characteristic mark of our age is the revival of metaphysics."
Philosophy
"The customer is always right."
Work
"The determination of market prices is the outcome of the actions of all participants in the market."
"The driving force in the system we call capitalism is not greed, it is competition."
Success
"The essence of being human is that one does not seek perfection."
Wisdom
"The greatest threat to freedom is the elimination of alternatives."
Freedom
"The hallmark of a truly civilized culture is its sense of justice."
Justice
"The human mind is the ultimate resource."
Knowledge
"The intellectual is an individual who wants everything to be subject to his reason."
Philosophy
"The laissez-faire philosophy is not against action."
Philosophy
"The mainspring of all human actions is the desire for need-satisfaction."
Motivation
"The market economy is the only system that respects human dignity."
Freedom
"The most important function of government is the maintenance of peace."
Peace
"The only way to deal with an unfree world is to become so absolutely free that the very existence is an act of rebellion."
Courage
"The price of a commodity is the sum of the prices of the factors of production."
"The realm of thought is itself always open to revision and improvement."
Wisdom
"The theory of consumer choice is not about consumption but about human valuation."
Philosophy
"The true liberal accepts all men as brothers in spite of their faults."
Kindness
"The ultimate foundation of a free society is the conviction of people that they ought to be free."
Freedom