The essential characteristic of Western civilization that distinguishes it from the arrested and petrified civilizations of the East was and is its concern for freedom from the state. β¨ Ludwig Von Mises (1962). The Ultimate Foundation of Economic Science: An Essay on Method
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- The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and β¦ βΆ
- War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods.
- Credit expansion is the governments' foremost tool in their struggle against the market economy. In their hands it is the magic wand designed to conjure away the scarcity of capital goods, to lower t β¦ βΆ
- All varieties of interference with the market phenomena not only fail to achieve the ends aimed at by their authors and supporters, but bring about a state of affairs which - from the point of view o β¦ βΆ
- This dilettantish inability to comprehend the essential issues of the conduct of production affairs is not only manifested in the writings of Marx and Engels. It permeates no less the contributions o β¦ βΆ
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