Ludwig von Mises Quotes (Author of Human Action)

Anyone with a sneaking suspicion that socialism has a point, that people and their abilities are finite, is forever handicapped as a businessperson. If the pie is of a fixed size, one creates nothing, merely taking from others.

“Those who confuse entrepreneurship and management close their eyes to the economic problem…. The capitalist system is not a managerial system; it is an entrepreneurial system.” —Ludwig von Mises

A country needs enough money to enable its citizens to perform all desired exchanges of goods and services.

The fatal flaw of socialism that Mises exposed was that without a price mechanism emerging on a free market, socialism would fail at economic calculation, most crucially in the allocation of capital goods