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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Browse by subject: Laissez Faire
|Ludwig von Mises||If one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.||Planning for Freedom|| p. 44||Laissez Faire
|Ludwig von Mises||Laissez faire does not mean: let soulless mechanical forces operate. It means: let individuals choose how they want to cooperate in the social division of labor and let them determine what the entrepreneurs should produce.||Planning for Freedom|| p. 45||Laissez Faire
|Ludwig von Mises||Laissez faire means: Let the common man choose and act; do not force him to yield to a dictator.||Human Action|| p. 727; p. 732||Laissez Faire
|Ludwig von Mises||Laissez faire, laissez passer does not mean: let the evils last. On the contrary, it means: do not interfere with the operation of the market because such interference must necessarily restrict output and make people poorer.||Omnipotent Government|| p. x||Laissez Faire
|Ludwig von Mises||What transformed the world of horse-drawn carriages, sailing ships, and windmills step by step into a world of airplanes and electronics was the laissez-faire principle.||The Ultimate Foundation of Economic Science|| p. 127||Laissez Faire
|Ludwig von Mises||The greatness of the nineteenth century consisted in the fact that to some extent the ideas of Classical economics became the dominant philosophy of state and society.||The Historical Setting of the Austrian School|| p. 44||Laissez Faire