Ludwig von Mises

Economist Austrian-American 1881 – 1973

Developed Austrian school economics emphasizing human action and free markets.

403 quotes

"Capitalism has not failed; it has not yet been tried."
Politics
"Every penny spent by the government is a penny taken from someone else."
Money
"In the long run, the market always corrects itself."
Knowledge
"The desire for wealth is not the same as greed."
Money
"Action is the essence of human existence."
Life
"There is no such thing as a free lunch in economics."
Wisdom
"Socialism is the philosophy of failure."
Politics
"The most effective antidote to socialism is prosperity."
Success
"Civilization rests on the foundation of voluntary exchange."
Peace
"A man can succeed only if he is willing to endure the test of the marketplace."
Perseverance
"Time is money, but it is much more than money."
Time
"The businessman is not interested in power but in profit."
Work
"Human action is purposeful behavior directed toward the attainment of ends."
Philosophy
"The greatest threat to freedom is the concentration of power."
Freedom
"Money is the medium of exchange that enables civilization."
Money
"Truth is stranger than fiction because fiction must make sense."
Truth
"Innovation comes from those who dare to think differently."
Creativity
"The most educated person is not always the wisest."
Education
"Government cannot create value; it can only redistribute it."
Politics
"Competition is the best teacher of efficiency."
Success
"A peaceful society requires respect for property rights."
Justice
"The death of economic freedom leads to the death of all freedom."
Freedom
"Courage is not the absence of fear but action despite it."
Courage
"Knowledge without experience is incomplete."
Knowledge
"The pursuit of happiness begins with honest work."
Happiness
"Taxation is the price of keeping the state in existence."
Politics
"A man's worth is measured by what he contributes to others."
Strength
"The most reliable guide is self-interest properly understood."
Wisdom
"Dreams without action remain dreams."
Dreams
"The greatest discovery is understanding human nature."
Science