Rick Lowe
I'm just about done re-reading this fascinating (80 plus page) book of lectures delivered by Ludwig von Mises at the Foundation for Economic Education (FEE) in 1951. It's forward is by one of my favourite economists, and Mises scholar, Dr. Richard Ebeling.
A few quotes to remember:
- "...the Marxian attitude, is typical of those on the "left" or "progressive" side. People are surprised to learn that the so-called "liberals" are not in favour of freedom..." from the first lecture; Economics and It's Opponents.
- "Social relations and living conditions were more or less the same all over the world until 250 years ago (now 300 years ago). The average standard of living varied little between East and West. Modern methods of production and standards of consumption, technological knowledge, and equality under the law were unknown. Today we would consider most unsatisfactory the conditions that prevailed then..." from the 5th lecture (and my personal favourite) ; Capitalism and Human Progress.
- "The essence of the market economy is that the econmic actions of the individuals are not performed by order of the government but spontaneously by the individuals..." from the 8th lecture; Money, Credit, and the Business Cycle.
There are so many great quotes in this booklet that it would be impossible to list them all, but you can read the entire booklet in pdf at this link... kindly provided by FEE.
