Ludwig von Mises Quotes
Ultimately the views of the ruling class become embodied in the law.
Ludwig von Mises, 1881-1973, Austrian Economist & Political Philosopher, The Theory of Money and Credit, 1912
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This was the prevailing view in Europe at the time; it was less so in the United States, where there were so many people who owned their own land and farmed it or developed manufacturing facilities and hence were the mind AND the limbs of the enterprises. However, the upper classes tended to agree with the European view. The difference between the American and European views was one of class mobility. In America “limbs” who demonstrated capacities of “mind” were much more able to advance in America. However, even into the 21st century here was a general feeling of the upper class that the “minds” made the critical and impactful decisions. This is one of the reasons that executive and CEO pay advanced so rapidly when compared with workers (the “linbs”).
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.