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The Ludwig von Mises Institute

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Ludwig von Mises: "Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other." - Planned Chaos


Quotable MisesThis database of quotations from Mises was prepared for The Quotable Mises edited by Mark Thornton, available from the Mises Institute store for $20. Send corrections to the editor. Here is a source page on the editions of the books referenced.

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Ludwig von MisesAdmittedly, monetary calculation has its inconveniences and serious defects, but we have certainly nothing better to put in its place, and for the practical purposes of life monetary calculation as it exists under a sound monetary system always suffices.Economic Calculation in the Socialist Commonwealth p. 25Economic Calculation
Ludwig von MisesThere are many socialists who have never come to grips in any way with the problems of economics, and who have made no attempt at all to form for themselves any clear conception of the conditions which determine the character of human society.Economic Calculation in the Socialist Commonwealth p. 1Socialism
Ludwig von MisesOne may anticipate the nature of the future socialist society. There will be hundreds and thousands of factories in operation. Very few of these will be producing wares ready for use; in the majority of cases what will be manufactured will be unfinished goods and production goods. (1920)Economic Calculation in the Socialist Commonwealth pp. 2223Socialism
Ludwig von MisesIn the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.Economic Calculation in the Socialist Commonwealth p. 26Socialism