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Chapter 219 of 234 · The Quotable Mises by Ludwig von Mises

Uncertainty

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The most that can be attained with regard to reality is probability.

Human Action, p. 105; p. 105

The uncertainty of the future is already implied in the very notion of action. That man acts and that the future is uncertain are by no means two independent matters. They are only two different modes of establishing one thing.

Human Action, p. 105; p. 105

Understanding is always based on incomplete knowledge.

Human Action, p. 112; p. 112

There is in the course of human events no stability and consequently no safety.

Human Action, p. 113; p. 113

In the universe there is never and nowhere stability and immobility. Change and transformation are essential features of life. Each state of affairs is transient; each age is an age of transition. In human life there is never calm and repose. Life is a process, not a perseverance in a status quo.

The Anti-Capitalistic Mentality, p. 106

It is certainly true that the necessity of adjusting oneself again and again to changing conditions is onerous. But change is the essence of life. In an unhampered market economy the absence of security, i.e., the absence of protection for vested interests, is the principle that makes for a steady improvement in material well-being.

Human Action, p. 848; p. 852

It is a poor makeshift to call any age an age of transition. In the living world there is always change. Every age is an age of transition.

Human Action, p. 855; p. 860

One of the fundamental conditions of man’s existence and action is the fact that he does not know what will happen in the future.

Theory and History, p. 180

What a man can say about the future is always merely speculative anticipation.

Theory and History, p. 203

The Quotable Mises

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