Ludwig von Mises Quotes


The capitalist system was termed "capitalism" not by a friend of the system, but by an individual who considered it to be the worst of all historical systems, the greatest evil that had ever befallen mankind. That man was Karl Marx.


Citations

von Mises, Ludwig. Economic Policy: Thoughts for Today and Tomorrow. Regnery Gateway, 1979, p. 11.

Related Quotes

Marx believed that the system of capitalism if it succeeded would be forced to globalize. To him, globalization was an inevitable consequence of capitalism itself and purely national industries would be destroyed.


This quotation is important because so many modern conservatives regard Keynes as a Marxist economist. Those who do, generally have not read neither the one or the other—possibly neither.


Ludwig von Mises
Ludwig von Mises
  • Born: September 29, 1881
  • Died: October 10, 1973
  • Nationality: Austrian
  • Profession: Economist

Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.