Ludwig von Mises: "Monetary calculation and cost accounting constitute the most important intellectual tool of the capitalist entrepreneur, and it was no one less than Goethe who pronounced the system of double-entry bookkeeping one of the finest inventions of the human mind." - Liberalism
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|Ludwig von Mises||The horrors of revolution and civil war can be avoided if a disliked government can be smoothly dislodged at the next election.||The Historical Setting of the Austrian School|| p. 35||Elections
|Ludwig von Mises||The greatness of the nineteenth century consisted in the fact that to some extent the ideas of Classical economics became the dominant philosophy of state and society.||The Historical Setting of the Austrian School|| p. 44||Laissez Faire
|Ludwig von Mises||The Enlightenment did not put its hopes upon the more or less accidental emergence of well-intentioned rulers and provident sages. Its optimism concerning mankinds future was founded upon the double faith in the goodness of man and in his rational mind.||The Historical Setting of the Austrian School|| p. 34||Reason
|Ludwig von Mises||Governments, political parties, pressure groups, and the bureaucrats of the educational hierarchy think they can avoid the inevitable consequences of unsuitable measures by boycotting and silencing the independent economists. But truth persists and works, even if nobody is left to utter it.||The Historical Setting of the Austrian School|| p. 45||Truth