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A collection of thoughts and quotations by Ludwig von Mises on economics, liberalism, society, Marxism, socialism, capitalism, pseudoscience, profit and anarchy.

70 Top Ludwig Von Mises Quotes To Enlighten Your Mind

Famous As: Economist, Philosopher, Sociologist
Born On: September 29, 1881
Died On: October 10, 1973
Born In: Lviv, Ukraine
Died At Age: 92
Ludwig Heinrich Edler von Mises was a theoretical economist of the Austrian School, who was born in Austria but did most of his noted work in the United States and is regarded as one of the leading lights of the libertarian movement. He attended the University of Vienna and in 1906 he received his doctorate from law school at the University. However, it was as an economist that he made his mark on the world. He served the Austrian Chamber of Commerce as its Chief Economist and later on, he was employed at Graduate Institute of International Studies in Geneva as a professor before immigrating to the United States in 1940. Some of his most well-known theories include ‘quantity theory of money’, ‘the Austrian business cycle theory’ and ‘the economic calculation problem’; which gave rise to a new school of thought as far as economic research was concerned. In addition to that, Mises had a lot of influence on the latter day economists of the Austrian school including Friedrich Hayek, who used to be his student. Mises was one of the most influential economists in the modern era. The below collection of Ludwig von Mises most famous quotes has been excerpted from his writings, papers and thoughts. We bring to you a collection of sayings and quotes by Ludwig von Mises on individualism, hard work, socialism, luxury, democrats, politics, taxation, poverty and free-markets.

Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities.

Ludwig von Mises

All rational action is in the first place individual action. Only the individual thinks. Only the individual reasons. Only the individual acts.

Ludwig von Mises

Once the principle is admitted that it is the duty of the government to protect the individual against his own foolishness, no serious objections can be advanced against further encroachments.

Ludwig von Mises

The Marxians love of democratic institutions was a stratagem only, a pious fraud for the deception of the masses. Within a socialist community there is no room left for freedom.

Ludwig von Mises

If history could teach us anything, it would be that private property is inextricably linked with civilization

Ludwig von Mises

He who only wishes and hopes does not interfere actively with the course of events and with the shaping of his own destiny.

Ludwig von Mises

The masses do not like those who surpass them in any regard. The average man envies and hates those who are different.

Ludwig von Mises

He who is unfit to serve his fellow citizens wants to rule them.

Ludwig von Mises

The alcoholic and the drug addict harm only themselves by their behavior; the person who violates the rules of morality governing mans life in society harms not only himself, but everyone.

Ludwig von Mises

All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out

Ludwig von Mises

Nobody ever recommended a dictatorship aiming at ends other than those he himself approved. He who advocates dictatorship always advocates the unrestricted rule of his own will

Ludwig von Mises

Repression by brute force is always a confession of the inability to make use of the better weapons of the intellect—better because they alone give promise of final success.

Ludwig von Mises

The average man is both better informed and less corruptible in the decisions he makes as a consumer than as a voter at political elections.

Ludwig von Mises

A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society.

Ludwig von Mises

The market system is the basis of our civilization. Its only alternative is the Fhrer principle.

Ludwig von Mises

Against what is stupid, nonsensical, erroneous, and evil, [classical] liberalism fights with the weapons of the mind, and not with brute force and repression.

Ludwig von Mises

Freedom is indivisible. As soon as one starts to restrict it, one enters upon a decline on which it is difficult to stop.

Ludwig von Mises

War prosperity is like the prosperity that an earthquake or a plague brings.

Ludwig von Mises

The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion.

Ludwig von Mises

The issue is always the same: the government or the market. There is no third solution.

Ludwig von Mises

Every step which leads from capitalism toward planning is necessarily a step nearer to absolutism and dictatorship.

Ludwig von Mises

It is labor alone that is productive: it creates wealth and therewith lays the outward foundations for the inward flowering of man.

Ludwig von Mises

Every type of socialism is unworkable because economic calculation is impossible in a socialist community.

Ludwig von Mises

Romanticism is man's revolt against reason, as well as against the condition under which nature has compelled him to live.

Ludwig von Mises

In a battle between force and an idea, the latter always prevails.

Ludwig von Mises

The elimination of profit, whatever methods may be resorted to for its execution, must transform society into a senseless jumble.

Ludwig von Mises

If any of the socialist chiefs had tried to earn his living by selling hot dogs, he would have learned something about the sovereignty of the consumers.

Ludwig von Mises

In a capitalist society one can hold on to one’s fortune only if one perpetually acquires it anew by investing it wisely.

Ludwig von Mises

If 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.

Ludwig von Mises

Anticapitalism can maintain itself in existence only by sponging on capitalism.

Ludwig von Mises

More dangerous than bayonets and cannon are the weapons of the mind.

Ludwig von Mises

Socialism is an alternative to capitalism as potassium cyanide is an alternative to water.

Ludwig von Mises

Every socialist is a disguised dictator.

Ludwig von Mises

Human action is purposeful behavior.

Ludwig von Mises

Credit expansion can bring about a temporary boom. But such a fictitious prosperity must end in a general depression of trade, a slump.

Ludwig von Mises

The exchange-value of money is the anticipated use-value of the things that can be obtained with it.

Ludwig von Mises

Production is “anarchistic.

Ludwig von Mises

The central element in the economic problem of money is the objective exchange-value of money, popularly called its purchasing power.

Ludwig von Mises

The individual is today no longer primarily a citizen, but a party member.

Ludwig von Mises

What is called “orthodox” economics is in most countries barred from the universities and is virtually unknown to the leading statesmen, politicians, and writers. The

Ludwig von Mises

Religious wars are the most terrible wars because they are waged without any prospect of conciliation.

Ludwig von Mises

Thinking is always thinking of a potential action.

Ludwig von Mises

It is common with narrow-minded people to reflect upon every respect in which other people differ from themselves. The

Ludwig von Mises

Economics is a living thing—and to live implies both imperfection and change.

Ludwig von Mises

It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.

Ludwig von Mises

One must rather ask how much could be produced if competition among producers were abolished.

Ludwig von Mises

The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.

Ludwig von Mises

No existe um conflito genuno entre f e razo; a lei natural e a lei divina no discordam.

Ludwig von Mises

The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.

Ludwig von Mises

Only very few men have the gift of thinking new and original ideas and of changing the traditional body of creeds and doctrines.

Ludwig von Mises

The function of money is to facilitate the business of the market by acting as a common medium of exchange.

Ludwig von Mises

Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.

Ludwig von Mises

Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

Ludwig von Mises

History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies. The

Ludwig von Mises

Inflationism is that monetary policy that seeks to increase the quantity of money.

Ludwig von Mises

But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.

Ludwig von Mises

Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.

Ludwig von Mises

It is the consumers who make poor people rich and rich people poor.

Ludwig von Mises

Against what is stupid, nonsensical, erroneous, and evil, liberalism fights with the weapons of the mind, and not with brute force and repression.

Ludwig von Mises

Logic and reasoning, which might show the absurdity of such dreams of bliss and revenge, are to be thrust aside.

Ludwig von Mises

The doctrine of the importance of hoards for stabilizing the objective exchange-value of money has gradually lost its adherents with the passing of time. Nowadays its supporters are few.

Ludwig von Mises

Human thoughts about things of which neither pure reasoning nor experience provides any knowledge may differ so radically that no agreement can be reached.

Ludwig von Mises

There is joint action, but no joint thinking. There is only tradition which preserves thoughts and communicates them to others as a stimulus to their thinking.

Ludwig von Mises

In science, compromise is a betrayal of truth.

Ludwig von Mises

No people and no part of a people shall be held against its will in a political association that it does not want.

Ludwig von Mises

The welfare of a people lies not in casting other peoples down but in peaceful collaboration.

Ludwig von Mises

The people of the United States are more prosperous…because their government embarked later than other governments…upon the policy of obstructing business

Ludwig von Mises

The worst thing that can happen to a socialist is to have his country ruled by socialists who are not his friends.

Ludwig von Mises

It suffices here to say that the planned economy which the advocates of dictatorship wish to set up is precisely as socialistic as the Socialism propagated by the self-styled Social Democrats.

Ludwig von Mises