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Ludwig von Mises

"The role played by man in production always consists solely in combining his personal forces with the forces of Nature in such a way that the cooperation leads to some particular desired arrangement of material. No human act of production amounts to more than altering the position of things in space and leaving the rest to Nature."

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"The role played by man in production always consists solely in combining his personal forces with the forces of Nature in such a way that the cooperation leads to some particular desired arrangement of material. No human act of production amounts to more than altering the position of things in space and leaving the rest to Nature."

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Akiroq Brost

"Have convictions. Be friendly. Stick to your beliefs as they stick to theirs. Work as hard as they do."

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Personal Development

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Akiroq Brost

"A good work ethic is not so much a concern for hard work but rather one for responsibility. There have been a great many men and women who have in fact used work or hustle or selfish ambition as an escape from real responsibility, an escape from purpose. In matters such as these, the hard worker is just as dysfunctional as the sloth."

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Personal Development

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Akiroq Brost

"One is not idle because one is absorbed. There is both visible and invisible labor. To contemplate is to toil, to think is to do. The crossed arms work, the clasped hands act. The eyes upturned to Heaven are an act of creation."

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Personal Development

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Akiroq Brost

"Like every man of sense and good feeling, I abominate work."

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Personal Development

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Akiroq Brost

"The fact that you are true child of God doesn't mean you will find gold on the floor when sweeping. You got to dig up the gold!"

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Personal Development

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Akiroq Brost

"We try, when we wake, to lay the new day at God's feet; before we have finished shaving, it becomes our day and God's share in it is felt as a tribute which we must pay out of 'our own' pocket, a deduction from the time which ought, we feel, to be 'our own'. A man starts a new job with a sense of vocation and, perhaps, for the first week still keeps the discharge of the vocation as his end, taking the pleasures and pains from God's hand, as they came, as 'accidents'. But in the second week he is beginning to 'know the ropes': by the third, he has quarried out of the total job his own plan for himself within that job, and when he can pursue this he feels that he is getting no more than his rights, and when he cannot, that he is being interfered."

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Personal Development

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Akiroq Brost

"How many a rustic Milton has passed by Stifling the speechless longings of his heart In unremitting drudgery and care! How many a vulgar Cato has compelled His energies no longer tameless then To mould a pin or fabricate a nail!"

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Personal Development

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Akiroq Brost

"Our boss has been so successful he deserves to retire so that he can spend more time . . . with his servants."

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Personal Development

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Akiroq Brost

"The Lord had given them the day and the Lord had given them the strength. And the day and the strength had been dedicated to labor, and the labor was its reward. Who was the labor for? What would be its fruits? These were irrelevant and idle questions."

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Personal Development

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Akiroq Brost

"The artist must be in his work as God is in creation, invisible and all-powerful; one must sense him everywhere but never see him."

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Ludwig von Mises
"When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money."

Economics

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Ludwig von Mises
"The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices, that neither exportation nor importation can occur if there are no differences in prices to make trade profitable."

Economics

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Ludwig von Mises
"The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again."

Currency

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Ludwig von Mises
"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."

Politics

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Ludwig von Mises
"Local differences in the prices of commodities whose natures are technologically identical are to be explained on the one hand by differences in the cost of preparing them for consumption (expenses of transport, cost of retailing etc.) and on the other hand by the physical and legal obstacles that restrict the mobility of commodities and human beings."

Trade

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Ludwig von Mises
"They did not suffer shipwreck because the entrepreneurs were not public-spirited, as the socialist-etatistic legend has it. They were bound to fail because the economic organization based upon division of labour and private property in the means of production can function only so long as price-determination in the market is free."

Economics

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Ludwig von Mises
"Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy."

Economics

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Ludwig von Mises
"It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others."

Economics

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Ludwig von Mises
"If the possessor of a units of money receives h additional units, then it is not at all true to say that he will value the total stock a + h exactly as highly as he had previously valued the stock a alone. Because he now has disposal over a larger stock, he will now value each unit less than he did before; but how much less will depend upon a whole series of individual circumstances, upon subjective valuations that will be different for each individual."

Economics

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Ludwig von Mises
"Etatism, as a theory, is the doctrine of the omnipotence of the State, and, as a policy, the attempt to regulate all mundane affairs by authoritative commandment and prohibition. The ideal society of etatism is a particular sort of socialistic community; it is usual in discussions involving this ideal society to speak of State Socialism, or, in some connexions, of Christian Socialism."

Politics

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