The Importance of Economics – Quote by Ludwig von Mises

„Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence.“

Ludwig von MisesLudwig von Mises describes economics as the core philosophy of human life and civilization that concerns everyone.
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Ludwig von Mises was an Austrian economist, social philosopher, and one of the leading figures of the Austrian School of economics.

This statement emphasizes the central importance of economics for human life and society as a whole.


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Ludwig von Mises quote about the importance of economics

Ludwig von Mises (1881–1973) was a prominent Austrian economist and social philosopher, known for his contributions to the Austrian School of economics. He significantly influenced libertarian and free-market economic theory and was a critic of socialism and interventionism.

Ludwig von Mises quote about personal responsibility, independent thinking, and the importance of economicsCopyright © yoice.net – Quote Artwork
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"There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a selfappointed elite of supermen. In such vital matters blind reliance upon 'experts' and uncritical acceptance of popular catchwords and prejudices is tantamount to the abandonment of self-determination and to yielding to other people's domination. As conditions are today, nothing can be more important to every intelligent man than economics. His own fate and that of his progeny are at stake." Ludwig von Mises
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Murray Rothbard quote about economics and uncertaintyCopyright © yoice.net – Quote Artwork
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"Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models." Murray Rothbard
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Murray Rothbard quote about economic ignorance and responsibilityCopyright © yoice.net – Quote Artwork
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"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance." Murray Rothbard
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Freedom and Making Mistakes – Quote by Ludwig von MisesQuote image about freedom and making mistakes by Ludwig von MisesCopyright © yoice.net – Quote ArtworkLudwig von Mises quote about private property and civilizationCopyright © yoice.net – Quote ArtworkQuote by Ludwig von Mises about Private Property and Civilization