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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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Ludwig von MisesThe monopoly problem mankind has to face today is not an outgrowth of the operation of the market economy. It is a product of purposive action on the part of governments. It is not one of the evils inherent in capitalism as the demagogues trumpet. .Human Action p. 363; p. 366Monopolies
Ludwig von MisesThe widespread view that the monopolist can fix prices at will, thatin common phrasehe can dictate prices, is as erroneous as the conclusion, derived from this view, that he has in his hands the power to do whatever he likes.Socialism p. 344Monopolies
Ludwig von MisesMost cartels and trusts would never have been set up had not the governments created the necessary conditions by protectionist measures.Socialism p. 349Monopolies