The vigorous man industriously striving for the improvement of his condition acts neither more nor less than the lethargic man who sluggishly takes things as they come. For to do nothing and to be idle are also action, they too determine the course of events. β¨ Ludwig Von Mises (1963). Human action: a treatise on economics
More Author Quotes
- The superiority of the gold standard consists in the fact that the value of gold develops independent of political actions. β¨ Ludwig Von Mises (1978). On the Manipulation of Money and Credit, Dobbs F β¦ βΆ
- The socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all mat β¦ βΆ
- The Reichswirtschaftsministerium ('Reich Ministry of Economic Affairs') tells the shop managers what and how to produce, at what prices and from whom to buy, at what prices and to whom to sell. It as β¦ βΆ
- Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pi β¦ βΆ
- We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. Such absolutely perfect solutions of any problem β¦ βΆ
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