Ludwig von Mises Quotes


The average American worker enjoys amenities for which Croesus, Crassus, the Medici, and Louis XIV would have envied him.


Citations

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

Related Quotes

This view that the more people a country has, the richer it is, has gone hand in hand with the notion that a large population will assure a nation of extensive military prowess. However, both of these are now known to be false. The most heavily populated nations are among the poorest, and military prowess is more a function of the training of troops and the modern tools and weapons. Tiny Israel has demonstrated that many times since its origin. It has been attacked over and over by several nations at a time. Despite the fact that Israel was vastly outnumbered by enemy troops and weapons like tanks and planes, Israel has repeatedly demolished the more populous enemies. The world, observing this, no longer emphasizes trying to build a large manpower pool as it does not help militarily and it makes full employment very difficult.


This quotation was written long before the “Protestant work ethic” was coined and well defined. Even though Say was a Frenchman from a Catholic country, he and most other serious economists and politicians recognized this vast difference.


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.