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The Ludwig von Mises Institute

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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


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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AuthorQuoteSourcePageSubject
Ludwig von MisesWorkers and consumers are, of course, identical.On the Manipulation of Money and Credit p. 179Workers
Ludwig von MisesThe laborer is an entrepreneur in so far as his wages are determined by the price the market allows for the kind of work he can perform. This price varies according to the change in conditions in the same way in which the price of every other factor of production varies.Human Action p. 255; p. 254Workers
Ludwig von MisesThe American worker is badly mistaken when he believes that his high standard of living is due to his own excellence.Planning for Freedom p. 136Workers
Ludwig von MisesThe improvement of well-being brought about by capitalism made it possible for the common man to save and thus to become in a modest way himself a capitalist.Planning for Freedom p. 160Workers
Ludwig von MisesEverybody is eager to charge for his services and accomplishments as much as the traffic can bear. In this regard there is no difference between the workers, whether unionized or not, the ministers and teachers on the one hand and the entrepreneurs on the other hand. Neither of them has the right to talk as if he were Francis dAssisi.Planning for Freedom p. 145Workers
Ludwig von MisesIn the market economy the worker sells his services as other people sell their commodities. The employer is not the employees lord. He is simply the buyer of services which he must purchase at their market price.Human Action p. 629; pp. 633-34Workers