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Ludwig von Mises: "Man is not, like the animals, an obsequious puppet of instincts and sensual impulses. Man has the power to suppress instinctive desires, he has a will of his own, he chooses between incompatible ends." - The Ultimate Foundation of Economic Science


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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Top> Browse by subject: Wage Rates
AuthorQuoteSourcePageSubject
Ludwig von MisesLike other factors of production, labor is also valued according to its usefulness in satisfying human wants.On the Manipulation of Money and Credit p. 177Wage Rates
Ludwig von MisesIn the long run the worker can never get more than the consumer allows.Bureaucracy p. 37Wage Rates
Ludwig von MisesThere is but one way toward an increase of real wage rates for all those eager to earn wages: the progressive accumulation of new capital and the improvement of technical methods of production which the new capital brings about. The true interests of labor coincide with those of business.Bureaucracy p. 112Wage Rates
Ludwig von MisesThe only means to raise wage rates permanently for all those eager to earn wages is to raise the productivity of labor by increasing the per-head quota of capital invested and improving the methods of production.Planning for Freedom p. 6Wage Rates
Ludwig von MisesThe buyers do not pay for the toil and trouble the worker took nor for the length of time he spent in working. They pay for the products.Planning for Freedom p. 151Wage Rates
Ludwig von MisesThe better the tools are which the worker uses in his job, the more he can perform in an hour, the higher is, consequently, his remuneration.Planning for Freedom p. 151Wage Rates
Ludwig von MisesThe height of wage rates is determined by the consumers appraisal of the value the workers labor adds to the value of the article available for sale.Planning for Freedom p. 190Wage Rates
Ludwig von MisesIt is not the Hollywood film corporation that pays the wages of a movie star; it is the people who pay admission to the movies. And it is not the entrepreneurs of a boxing match who pay the enormous demands of the prize fighters; it is the people who pay admission to the fight.Economic Policy pp. 910Wage Rates
Ludwig von MisesThere is only one efficacious way toward a rise in real wage rates and an improvement of the standard of living of the wage earners: to increase the per-head quota of capital invested.The Theory of Money and Credit pp. 464-65Wage Rates
Ludwig von MisesMinimum wage rates, whether decreed and enforced by the government or by labor union pressure and violence, result in mass unemployment.Planning for Freedom p. 27Wage Rates