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Ludwig von Mises: "In the capitalist society there is a place and bread for all. Its ability to expand provides sustenance for every worker. Permanent unemployment is not a feature of free capitalism." - 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 MisesWhat makes a firm big is its success in best filling the demands of the buyers. If the bigger enterprise did not better serve the people than a smaller one, it would long since have been reduced to smallness.Planning for Freedom p. 134Big Business
Ludwig von MisesSeen from the point of view of the particular group interests of the bureaucrats, every measure that makes the governments payroll swell is progress.Planning for Freedom p. 48Bureaucracy
Ludwig von MisesOf course, as a rule capitalists and entrepreneurs are not saints excelling in the virtue of self-denial. But neither are their critics saintly.Planning for Freedom p. 146Businessmen
Ludwig von MisesNow nobody ever contended that one could produce without working. But neither is it possible to produce without capital goods, the previously produced factors of further production.Planning for Freedom p. 111Capital
Ludwig von MisesWhat the workers must learn is that the only reason why wage rates are higher in the United States is that the per head quota of capital invested is higher.Planning for Freedom p. 92Capital
Ludwig von MisesIf one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.Planning for Freedom p. 44Capitalism vs. Socialism
Ludwig von MisesTyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.Planning for Freedom p. 218Capitalism vs. Socialism
Ludwig von MisesEntrance into the ranks of the entrepreneurs in a market society, not sabotaged by the interference of government or other agencies resorting to violence, is open to everybody.Planning for Freedom p. 117Class Mobility
Ludwig von MisesCredit expansion is not a nostrum to make people happy. The boom it engenders must inevitably lead to a debacle and unhappiness.Planning for Freedom p. 189Credit
Ludwig von MisesNo one should expect that any logical argument or any experience could ever shake the almost religious fervor of those who believe in salvation through spending and credit expansion.Planning for Freedom p. 63Credit
Ludwig von MisesA policy of deficit spending saps the very foundation of all interpersonal relations and contracts. It frustrates all kinds of savings, social security benefits and pensions.Planning for Freedom p. 89Deficits
Ludwig von MisesWhat the doctrine of balancing budgets over a period of many years really means is this: As long as our own party is in office, we will enhance our popularity by reckless spending.Planning for Freedom p. 87Deficits
Ludwig von MisesWhat is called the American way of life is the result of the fact that the United States has put fewer obstacles in the way of saving and capital accumulation than in other nations.Planning for Freedom p. 152Development
Ludwig von MisesIt is not true that the economic backwardness of foreign countries is to be imputed to technological ignorance on the part of their peoples.Planning for Freedom p. 196Development
Ludwig von MisesIt is not a lack of the know how that prevents foreign countries from fully adopting American methods of manufacturing, but the insufficiency of capital available.Planning for Freedom p. 197Development
Ludwig von MisesThis dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions of contemporary pseudo-economics.Planning for Freedom p. 147Economics
Ludwig von MisesThe pseudo-liberals monopolize the teaching jobs at many universities. Only men who agree with them are appointed as teachers and instructors of the social sciences, and only textbooks supporting their ideas are used.Planning for Freedom p. 162Education
Ludwig von MisesThe entrepreneurs . . . are not infallible and often blunder. But they are less liable to error, and blunder less than other people do.Planning for Freedom p. 114Entrepreneurs
Ludwig von MisesThe task of the entrepreneur is to select from the multitude of technologically feasible projects those which will satisfy the most urgent of the not yet satisfied needs of the public.Planning for Freedom p. 117Entrepreneurs
Ludwig von MisesIn talking about equality and asking vehemently for its realization, nobody advocates a curtailment of his own present income.Planning for Freedom p. 137Equality
Ludwig von MisesIf one wants to study the reasons for Europes backwardness, it would be necessary to examine the manifold laws and regulations that prevented in Europe the establishment of an equivalent of the American drug store and crippled the evolution of chain stores, department stores, super markets and kindred outfits.Planning for Freedom p. 136Europe
Ludwig von MisesThe worst method to fight communism is that of the Marshall Plan…. The American subsidies make it possible for their governments to conceal partially the disastrous effects of the various socialist measures they have adopted.Planning for Freedom pp. 141-42Foreign Aid
Ludwig von MisesThe market steers the capitalistic economy. It directs each individuals activities into those channels in which he best serves the wants of his fellow-men. The market alone puts the whole social system of private ownership of the means of production and free enterprise in order and provides it with sense and meaning.Planning for Freedom p. 72Free Market
Ludwig von MisesThe idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.Planning for Freedom p. 38Freedom
Ludwig von MisesThe gold standard alone makes the determination of moneys purchasing power independent of the ambitions and machinations of governments, of dictators, of political parties, and of pressure groups.Planning for Freedom p. 185Gold Standard
Ludwig von MisesGovernments deliberately sabotaged it, and still go on sabotaging it.Planning for Freedom p. 185Gold Standard
Ludwig von MisesAll that good government can do to improve the material well-being of the masses is to establish and to preserve an institutional setting in which there are no obstacles to the progressive accumulation of new capital and its utilization for the improvement of technical methods of production.Planning for Freedom p. 6Good Government
Ludwig von MisesThe government and its chiefs do not have the powers of the mythical Santa Claus. They cannot spend except by taking out of the pockets of some people for the benefit of others.Planning for Freedom p. 187Government
Ludwig von MisesNobody is called upon to determine what could make another man happier or less unhappy.Planning for Freedom p. 118Happiness
Ludwig von MisesThe way in which the history of the last two hundred years has been treated is really a scandal.Planning for Freedom p. 170History
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