Ludwig von Mises Quotes


Action is an attempt to substitute a more satisfactory state of affairs for a less satisfactory one. We call such a willfully induced alteration an exchange.


Citations

Mises, Ludwig von. Human Action: A Treatise on Economics. Yale University Press, 1949, p. 97.

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Ludwig von Mises
Ludwig von Mises
  • Born: September 29, 1881
  • Died: October 10, 1973
  • Nationality: Austrian
  • Profession: Economist

Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.