Ludwing von Mises (1881-1973) is one of the most notable economists of the twentieth century and the foremost economist of the Austrian school of economics. Mises demonstrated that free markets, the division of labor, and private capital investment is the only possible path to the prosperity of the human race. He also showed that government intervention, in addition to hampering and crippling the market, would prove counter-productive leading inevitably to socialism.
In his masterpiece — “Human Action” — Mises writes:
“Human life is an unceasing sequence of single actions.”
Acting man is eager to achieve more satisfactory state of affairs than provided by the status quo . His mind imagines conditions which suit him better, and his action aims at bringing about this desired state. With each action human climb one step on the latter of achievements; never to cease; never to yield.
In case you’re interested in economics I encourage you to climb that next step and become educated about economics; perhaps even with the help of one the 3000 economics tutors at Tutorz.com.
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