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The Ludwig von Mises Institute

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Ludwig von Mises: "Despots and democratic majorities are drunk with power. They must reluctantly admit that they are subject to the laws of nature. But they reject the very notion of economic law . . . economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics." - Austrian Economics: An Anthology


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 only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.The Anti-Capitalistic Mentality p. 84Savings
Ludwig von MisesCapital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.The Anti-Capitalistic Mentality p. 84Savings
Ludwig von MisesThe most ingenious technological inventions would be practically useless if the capital goods required for their utilization had not been accumulated by saving.The Anti-Capitalistic Mentality p. 39Savings