"The attainment of the economic aims of man presupposes peace"
- Ludwig von Mises
About this Quote
This quote by Ludwig von Mises recommends that economic development and success is dependent on peace. To put it simply, in order for human beings to attain their economic goals, there should be a lack of dispute and war. This is due to the fact that war and conflict can trigger economic disruption, damage, and instability. For instance, war can lead to a reduction in production, a decline in trade, and an increase in costs. It can likewise result in a reduction in investment, a decrease in employment, and a decline in incomes. For that reason, in order for people to attain their financial goals, it is vital that peace is maintained. Without peace, financial progress and success will be hard to accomplish.