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Ludwig von Mises: ". The use of money in a market economy is a praxeologically necessary fact. That gold, and not something else, is used as money is merely a historical fact and as such cannot be conceived by catallactics." - Human Action


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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Top> Browse by subject: Capitalism vs. Socialism
AuthorQuoteSourcePageSubject
Ludwig von MisesThe issue is always the same: the government or the market. There is no third solution.Planned Chaos p. 28Capitalism vs. Socialism
Ludwig von MisesCapitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.The Anti-Capitalistic Mentality pp. 6465Capitalism vs. Socialism
Ludwig von MisesCapitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.Bureaucracy p. 10Capitalism vs. Socialism
Ludwig von MisesIf one rejects laissez faire on account of mans fallibility and moral weakness, one must for the same reason also reject every kind of government action.Planning for Freedom p. 44Capitalism vs. Socialism
Ludwig von MisesTyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.Planning for Freedom p. 218Capitalism vs. Socialism
Ludwig von MisesA society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.Human Action p. 676; p. 680Capitalism vs. Socialism
Ludwig von MisesThe desire for an increase of wealth can be satisfied through exchange, which is the only method possible in a capitalist economy, or by violence and petition as in a militarist society, where the strong acquire by force, the weak by petitioning.Socialism p. 335Capitalism vs. Socialism
Ludwig von MisesFor it is an essential difference between capitalist and socialist production that under capitalism men provide for themselves, while under Socialism they are provided for.Socialism p. 405Capitalism vs. Socialism
Ludwig von MisesLiberalism and capitalism address themselves to the cool, well-balanced mind. They proceed by strict logic, eliminating any appeal to the emotions. Socialism, on the contrary, works on the emotions, tries to violate logical considerations by rousing a sense of personal interest and to stifle the voice of reason by awakening primitive instincts.Socialism p. 460Capitalism vs. Socialism
Ludwig von MisesThe salesman thanks the customer for patronizing his shop and asks him to come again. But the socialists say: Be grateful to Hitler, render thanks to Stalin; be nice and submissive, then the great man will be kind to you later too.Omnipotent Government p. 53Capitalism vs. Socialism
Ludwig von MisesThere is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.Liberalism p. 79Capitalism vs. Socialism