Maxioms by Ludwig Von Mises
A nation's policy form an integral whole. Foreign policy and domestic policy are closely linked together; they are but one read more
A nation's policy form an integral whole. Foreign policy and domestic policy are closely linked together; they are but one system; they condition each other.
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
In the world of reality, life, and human action there is no such thing as interests independent of ideas, preceding read more
In the world of reality, life, and human action there is no such thing as interests independent of ideas, preceding them temporarily and logically. What a man considers his interest is the result of his ideas.
To complain of lack of leadership is, in the field of political affairs, the characteristic attitude of all harbingers of read more
To complain of lack of leadership is, in the field of political affairs, the characteristic attitude of all harbingers of dictatorship.
Historical knowledge is indispensable for those who want to build a better world.
Historical knowledge is indispensable for those who want to build a better world.
