"Socialists and liberals agree in
seeing the ultimate goal of economic policy as attainment of a state of society
assuring the greatest happiness for the greatest number. Welfare for all, the
greatest possible welfare for the greatest possible number – that is the goal
of both liberalism and socialism, even though this may now and then be not only
misunderstood but even disputed. Both reject all ascetic ideals that want to
restrain people to frugality and preach renunciation and flight from life; both
strive for social wealth. Only over the way of reaching this ultimate goal of
economic policy do their view disagree ….”
Ludwig von
Mises: Nation, Staat und Wirtschaft 1919
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