The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Ludwig Von MisesRead
People do not cooperate under the division of labor because they love or should love one another. They cooperate because this best serves their own interests. Neither love nor charity nor any other sympathetic sentiments but rightly understood selfishness is what originally impelled man to adjust himself to the requirements of society, to respect the rights and freedoms of his fellow men and to substitute peaceful collaboration for enmity and conflict.
Interpretation
Cooperation arises from self-interest rather than love or sympathy.
In this quote, Ludwig Von Mises emphasizes that the foundation of social cooperation stems from individuals acting in their own self-interest rather than out of love or altruism. By recognizing that people are motivated by their personal benefits, he illustrates how society can function effectively through peaceful collaboration, where mutual respect for rights and freedoms replaces conflict and enmity.
In practice
In a discussion about economics, one could use this quote to illustrate the motivations behind trade.
The idea that political freedom can be preserved in the absence of economic freedom, and vice versa, is an illusion. Political freedom is the corollary of economic freedom.
Wars of aggression are popular nowadays with those nations convinced that only victory and conquest could improve their material well-being.
Only stilted pedants can conceive the idea that there are absolute norms to tell what is beautiful and what is not. They try to derive from the works of the past a code of rules with which, as they fancy, the writers and artists of the future should comply. But the genius does not cooperate with the pundit.
The most serious dangers for American freedom and the American way of life do not come from without.
The public firm can nowhere maintain itself in free competition with the private firm; it is possible today only where it has a monopoly that excludes competition. Even that alone is evidence of its lesser economic productivity.
Each epoch has found in the Gospels what it sought to find there, and has overlooked what it wished to overlook.
Introspection and preserved writings give us far more insight into the ways of past humans than we have into the ways of past dinosaurs. For that reason, I'm optimistic that we can eventually arrive at convincing explanations for these broadest patterns of human history.
A man who goes forth to take the life of another whom he does not know must believe only one thing: that by his act he will change the course of history.
Political economy regards the proletarian like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being. It leaves this to criminal law, doctors, religion, statistical tables, politics, and the beadle.
The only secret people keep is immortality.
She liked to imagine that when she passed the world looked after her, but she also knew how anonymous she was.
Liberties are not given, they are taken.
Subscribe for the occasional hand-picked quote. No noise.