Ludwig von Mises Quotes

The great hinderance to the development of this continent has lain in the lack of capital.

What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.

The developing world is poor. It needs capital.

Without investment, you cannot have jobs.

People were so keen to get investment. In those days, there was quite significant unemployment in Northern Ireland, and that had been the general pattern in Northern Ireland for many, many years.

I like globalization; I want to say it works, but it is hard to say that when six hundred million people are slipping backwards.

Capitalism without capital is just an ism.

Brazil was a capitalist society without capital.

This kingdom [Colombia] … does not enjoy an active commerce. It’s subsistence consists of gold taken from its mines, without trade, export of its agriculture and manufactures…. The local officials everywhere are indifferent and careless as to their duty; the people are steeped in poverty; trade is almost extinct; capital is lacking, and there are no opportunities for its investment; the only source of support is the cultivation of small patches of ground. Every one seeks to subsist on the government by procuring some little office.

Poverty, discrimination and ignorance decrease growth.

Just as water is a key ingredient to growth on the farm, capital is required for businesses to thrive.

We can't have all the concentration of wealth in a few places in this country. We've got to create economic opportunity and new industries in communities that feel left behind.

There is nothing new about poverty. What is new, however, is that we have the resources to get rid of it.

Optimizing return on capital will generate less growth than optimizing return on education.

I think for larger-scale entrepreneurship, it's true - for men and women - that people who already have capital tend to do better.

It all comes down to money.

Capital is a result of labor, and is used by labor to assist it in further production. Labor is the active and initial force, and labor is therefore the employer of capital.

My hope is that countries like Morocco will have investment to create work, so people don't have to leave.

There are more and more products with fewer people able to consume them. We have to help those who don't have the economic stability to grow, or one day there will be very few who are able to buy what we're selling.

Egypt has great potential because of the latent power of its human capital.

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

A narrative that branded Africa as little more than an economic, political and social basket case was not likely to provide the investment needed to drive development.

If you go back to 1800, everybody was poor. I mean everybody. The Industrial Revolution kicked in, and a lot of countries benefited, but by no means everyone.

To develop political and economic power in a capitalist society, you need capital.

I should say many things. Mexico has been one of the losers of the 20th century. We tried many different alternatives to development and unfortunately we have 40 percent of the population poor; we have a per capita income that is extremely low.