Ludwig von Mises: "Monetary calculation and cost accounting constitute the most important intellectual tool of the capitalist entrepreneur, and it was no one less than Goethe who pronounced the system of double-entry bookkeeping one of the finest inventions of the human mind." - Liberalism
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|Ludwig von Mises||Admittedly, monetary calculation has its inconveniences and serious defects, but we have certainly nothing better to put in its place, and for the practical purposes of life monetary calculation as it exists under a sound monetary system always suffices.||Economic Calculation in the Socialist Commonwealth|| p. 25||Economic Calculation
|Ludwig von Mises||There are many socialists who have never come to grips in any way with the problems of economics, and who have made no attempt at all to form for themselves any clear conception of the conditions which determine the character of human society.||Economic Calculation in the Socialist Commonwealth|| p. 1||Socialism
|Ludwig von Mises||One may anticipate the nature of the future socialist society. There will be hundreds and thousands of factories in operation. Very few of these will be producing wares ready for use; in the majority of cases what will be manufactured will be unfinished goods and production goods. (1920)||Economic Calculation in the Socialist Commonwealth|| pp. 2223||Socialism
|Ludwig von Mises||In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.||Economic Calculation in the Socialist Commonwealth|| p. 26||Socialism