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Ludwig von Mises: "Human action is purposeful behavior." - Human Action


Quotable MisesThis database of quotations from Mises was prepared for The Quotable Mises edited by Mark Thornton, available from the Mises Institute store for $20. Send corrections to the editor. Here is a source page on the editions of the books referenced.

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AuthorQuoteSourcePageSubject
Ludwig von MisesThe planning businessman cannot help employing data concerning the unknown future; he deals with future prices and future costs of production.Human Action p. 225; p. 224Entrepreneurs
Ludwig von MisesThe entrepreneurs . . . are not infallible and often blunder. But they are less liable to error, and blunder less than other people do.Planning for Freedom p. 114Entrepreneurs
Ludwig von MisesA technological invention is not something material. It is the product of a mental process, of reasoning and conceiving new ideas. The tools and machines may be called material, but the operation of the mind which created them is certainly spiritual.Theory and History p. 109Entrepreneurs
Ludwig von MisesThe only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.Human Action p. 288; p. 290Entrepreneurs
Ludwig von MisesThe task of the entrepreneur is to select from the multitude of technologically feasible projects those which will satisfy the most urgent of the not yet satisfied needs of the public.Planning for Freedom p. 117Entrepreneurs
Ludwig von MisesWhat distinguishes the successful entrepreneur and promoter from other people is precisely the fact that he does not let himself be guided by what was and is, but arranges his affairs on the ground of his opinion about the future. He sees the past and the present as other people do; but he judges the future in a different way.Human Action p. 582; p. 585Entrepreneurs
Ludwig von MisesNo dullness and clumsiness on the part of the masses can stop the pioneers of improvement. There is no need for them to win the approval of inert people beforehand. They are free to embark upon their projects even if everyone else laughs at them.Human Action p. 859; p. 863Entrepreneurs
Ludwig von MisesAn entrepreneur cannot be trained.Human Action p. 311 p. 314Entrepreneurs