Ludwig von Mises: "We owe the origin and development of human society and, consequently, of culture and civilization, to the fact that work performed under the division of labor is more productive than when performed in isolation." - Epistemological Problems of Economics
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|Ludwig von Mises||All economic activity is based upon an uncertain future. It is therefore bound up with risk. It is essentially speculation.||Socialism|| p. 181||Risk
|Ludwig von Mises||There is no such thing as a safe investment.||Human Action|| p. 806; p. 810||Risk
|Ludwig von Mises||There is no such thing as independence of the vicissitudes of the market.||Human Action|| p. 806; p. 810||Risk
|Ludwig von Mises||Estimates of future volume of production, future sales, future costs, or future profits or losses are not facts, but speculative anticipations. There are no facts about future profits.||Human Action|| p. 812; p. 816||Risk