5 Intelligent Quotes From Ludwig von Mises, Master Economist | Exploring Markets

5 Intelligent Quotes From Ludwig von Mises, Master Economist

Ludwig von Mises is a renowned economist and legendary thinker from the Austrian School of Economics. Here are 5 quotes from him that everyone should see. They perfectly encapsulate some of his beliefs and theories:

1.) "Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act." - Ludwig von Mises

2.) "Many who are self-taught far excel the doctors, masters, and bachelors of the most renowned universities."- Ludwig von Mises

3.) "Under capitalism the common man enjoys amenities which in ages gone by were unknown and therefore inaccessible even to the richest people. But, of course, these motorcars, television sets and refrigerators do not make a man happy. In the instant in which he acquires them, he may feel happier than he did before. But as soon as some of his wishes are satisfied, new wishes spring up. Such is human nature." - Ludwig von Mises

4.) "All people, however fanatical they may be in their zeal to disparage and to fight capitalism, implicitly pay homage to it by passionately clamoring for the products it turns out." - Ludwig von Mises

5.) "The worst evils which mankind has ever had to endure were inflicted by bad governments." - Ludwig von Mises