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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


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 MisesStatistics is a method for the presentation of historical facts concerning prices and other relevant data of human action. It is not economics and cannot produce economic theorems and theories. The statistics of prices is economic history.Human Action p. 348; p. 351Statistics
Ludwig von MisesThere is no such thing as quantitative economics.Human Action p. 348; p. 351Statistics
Ludwig von MisesFigures alone prove or disprove nothing. Only the conclusions drawn from the collected material can do this. And these are theoretical.Socialism p. 325Statistics
Ludwig von MisesThe idea that changes in the purchasing power of money may be measured is scientifically untenable.On the Manipulation of Money and Credit p. 88Statistics
Ludwig von MisesIt is not possible even to measure variations in the purchasing power of money.The Theory of Money and Credit p. 257Statistics
Ludwig von MisesStatistics is the description in numerical terms of experiences concerning phenomena not subject to regular uniformity. . . . Statistics is therefore a specific method of history.The Ultimate Foundation of Economic Science p. 55Statistics
Ludwig von MisesThere is an inclination in the United States and in Anglo-Saxon countries generally to overestimate in a quite extraordinary manner the significance of index methods. In these countries, it is entirely overlooked that the scientific exactness of these methods leaves much to be desired, that they can never yield anything more than a rough result at best, and that the question whether one or other method of calculation is preferable can never be solved by scientific means.The Theory of Money and Credit pp. 44546Statistics