Ludwig von Mises

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.

Competition on the market aims at assigning to every individual that function in the social system in which he can read more

Competition on the market aims at assigning to every individual that function in the social system in which he can render to all his fellow men the most valuable of the services he is able to perform.

Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained. There are read more

Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained. There are no schools for creativeness. A genius is precisely a man who defies all schools and rules, who deviates from the traditional roads of routine and opens up new paths through land inaccessible before. A genius is always a teacher, never a pupil; he is always self-made.

The methods of the natural sciences cannot be applied to human behavior because this behavior...lacks the peculiarity that characterizes events read more

The methods of the natural sciences cannot be applied to human behavior because this behavior...lacks the peculiarity that characterizes events in the field of the natural sciences, viz., regularity.

For the sake of domestic peace, liberalism aims at democratic government. Democracy is therefore not a revolutionary institution. On the read more

For the sake of domestic peace, liberalism aims at democratic government. Democracy is therefore not a revolutionary institution. On the contrary it is the very means of preventing revolution and civil wars. It provides a method for the peaceful adjustment of government to the will of the majority.