A Quote by Ludwig von Mises

Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire.

Ludwig von Mises

Quote Topics

Against Capitalist Capitalist Economy Commercial Directed Economy Free Free Trade Imminent Laissez Faire Manufacturing Monopolies Origin Owe Policy Tendency Trade

Quote Author

Ludwig von Mises
Austrian - Economist
September 29, 1881 - October 10, 1973

The proper governmental policy in a depression is strict laissez-faire, including stringent budget slashing, and coupled perhaps with positive encouragement for credit contraction.

Murray Rothbard

There was nothing natural about laissez-faire; free markets could never have come into being merely by allowing things to take their course. Just as cotton manufactures were created by the help of protective tariffs, export bounties, and indirect wage subsidies, laissez-faire was enforced by the state.

Karl Polanyi

It is not an accident that developing countries - virtually the whole of East Asia, for example - view the role of the state in a far more interventionist way than does the Anglo-Saxon world. Laissez-faire and free markets are the favoured means of the powerful and privileged.

Martin Jacques

Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught

John Maynard Keynes

I am opposed to all forms of control. I am for an absolute, laissez-faire, free, unregulated economy.

Ayn Rand

Our policy is directed not against any country or doctrine but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.

George C. Marshall

I'm not against free trade but I'm against free trade deals that are negotiated badly, that actually compromise jobs, manufacturing jobs, compromise the national interest.

Nick Xenophon

To check centralization and usurping of power ... we require a new laissez-faire. The old laissez-faire was founded upon a misapprehension of human nature, an exultation of individuality (in private character often a virtue) to the condition of a political dogma, which destroyed the spirit of community and reduced men to so many equipollent atoms of humanity, without sense of brotherhood or purpose.

Russell Kirk

Political economy is the science of free society. Its theory and its history alike establish this position. Its fundamental maxims, Laissez-faire and 'Pas trop gouverner' are at war with all kinds of slavery, for they in fact assert that individuals and peoples prosper most when governed least.

George Fitzhugh

I am opposed to all forms of control; I am for an absolute laissez faire, free, unregulated economy. I am for the separation of the state and economics, just as we had separation of state and church, which led to peaceful coexistence among different religions...so the same applies to economics. If you separate the government from economics, if you do not regulate production and trade, you will have peaceful cooperation, and harmony and justice among men.

Ayn Rand

With laissez-faire and price atomic, ecology's uneconomic, But with another kind of logic economy's unecologic.

Kenneth E. Boulding

Government control of the economy, no matter in whose behalf, has been the source of all the evils in our industrial society -- and the solution is laissez-faire capitalism, i.e., the abolition of any and all forms of intervention in production and trade, the separation of State and Economics, in the same way and for the same reasons as the separation of Church and State.

Ayn Rand

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.

Nouriel Roubini

Laissez Faire, laissez passer. Let it be, let it pass. The phrase is not readily translatable. It was widely used by the Physiocrats in urging freedom from government interference and was adopted by Adam Smith.

Francois Quesnay

Radicals, on the other hand, want to advance from the jungle of laissez-faire capitalism to a world worthy of the name of human civilization. They hope for a future where the means of economic production will be owned by all of the people instead of just a comparative handful. They feel that this minority control of production facilities is injurious to the large masses of people not only because of economic monopolies but because the political power inherent in this form of centralized economy does not augur for an ever expanding democratic way of life.