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 only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.||The Anti-Capitalistic Mentality|| p. 84||Savings
|Ludwig von Mises||Capital is not a free gift of God or of nature. It is the outcome of a provident restriction of consumption on the part of man. It is created and increased by saving and maintained by the abstention from dissaving.||The Anti-Capitalistic Mentality|| p. 84||Savings
|Ludwig von Mises||The most ingenious technological inventions would be practically useless if the capital goods required for their utilization had not been accumulated by saving.||The Anti-Capitalistic Mentality|| p. 39||Savings