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Ludwig von Mises: "Luxury is the roadmaker of progress." - Socialism


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 MisesValue is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.Human Action p. 96; p. 96Value
Ludwig von MisesA judgment of value does not measure, it arranges in a scale of degrees, it grades. It is expressive of an order of preference and sequence, but not expressive of measure and weight.Human Action p. 97; p. 97Value
Ludwig von MisesIt is vain to speak of any calculation of values. Calculation is possible only with cardinal numbers. The difference between the valuation of two states of affairs is entirely psychical and personal. It is not open to any projection into the external world. It can be sensed only by the individual. It cannot be communicated or imparted to any fellow man.Human Action p. 97; p. 97Value
Ludwig von MisesThere is no method available to construct a unit of value.Human Action p. 206; p. 205Value
Ludwig von MisesValue is not intrinsic. It is not in things and conditions but in the valuing subject.Theory and History p. 23Value
Ludwig von MisesThere are no such things as absolute values, independent of the subjective preferences of erring men. Judgments of values are the outcome of human arbitrariness. They reflect all the shortcomings and weaknesses of their authors.Bureaucracy p. 26Value