Maxioms by Ludwig Von Mises
It is impossible to understand the history of economic thought if one does not pay attention to the fact that read more
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs read more
It is not conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are in their subconsciousness convinced of the untenability of their own doctrines.
He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first read more
He who disdains the fall in infant mortality and the gradual disappearance of famines and plagues may cast the first stone upon the materialism of the economists.
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to read more
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
To illustrate the difference between the innovator and the dull crowd of routinists who cannot even imagine that any improvement read more
To illustrate the difference between the innovator and the dull crowd of routinists who cannot even imagine that any improvement is possible, we need only refer to a passage in Engel's most famous book. Here, in 1878, Engels apodictically announced that military weapons are "now so perfected that no further progress of any revolutionizing influence is any longer possible." Henceforth "all further [technological] progress is by and large indifferent for land warfare. The age of evolution is in this regard essentially closed." This complacent conclusion shows in what the achievement of the innovator consists: he accomplishes what other people believe to be unthinkable and unfeasible.
