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 planning businessman cannot help employing data concerning the unknown future; he deals with future prices and future costs of production.||Human Action|| p. 225; p. 224||Entrepreneurs
|Ludwig von Mises||The entrepreneurs . . . are not infallible and often blunder. But they are less liable to error, and blunder less than other people do.||Planning for Freedom|| p. 114||Entrepreneurs
|Ludwig von Mises||A technological invention is not something material. It is the product of a mental process, of reasoning and conceiving new ideas. The tools and machines may be called material, but the operation of the mind which created them is certainly spiritual.||Theory and History|| p. 109||Entrepreneurs
|Ludwig von Mises||The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.||Human Action|| p. 288; p. 290||Entrepreneurs
|Ludwig von Mises||The task of the entrepreneur is to select from the multitude of technologically feasible projects those which will satisfy the most urgent of the not yet satisfied needs of the public.||Planning for Freedom|| p. 117||Entrepreneurs
|Ludwig von Mises||What distinguishes the successful entrepreneur and promoter from other people is precisely the fact that he does not let himself be guided by what was and is, but arranges his affairs on the ground of his opinion about the future. He sees the past and the present as other people do; but he judges the future in a different way.||Human Action|| p. 582; p. 585||Entrepreneurs
|Ludwig von Mises||No dullness and clumsiness on the part of the masses can stop the pioneers of improvement. There is no need for them to win the approval of inert people beforehand. They are free to embark upon their projects even if everyone else laughs at them.||Human Action|| p. 859; p. 863||Entrepreneurs
|Ludwig von Mises||An entrepreneur cannot be trained.||Human Action|| p. 311 p. 314||Entrepreneurs