Ludwig von Mises Quotes


Production is not something physical, material, and external; it is a spiritual and intellectual phenomenon.


Citations

Mises, Ludwig von. Human Action: A Treatise on Economics. Yale University Press, 1949, p. 141.

Related Quotes

At the time copyright, patents, and intellectual property in general were relatively new ideas. Property had in earlier countries been limited to tangible things—including people (wives and slaves). The Western world had in large part adopted the concept of intellectual property in law, but the average person’s thinking did not include these intangibles as “property.


He appears to be the first person to understand and write this important economic principle about science. Even in the 21st century, many economists are not aware of this critical principle.


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.