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The Ultimate Foundation of Economic Science: An Essay on Method

Book by Ludwig von Mises · 3 quotes · Action, Men, Mass

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The Ultimate Foundation of Economic Science: An Essay on Method Quotes

“Scientific research sooner or later, but inevitably, encounters something ultimately given that it cannot trace back to something else of which it would appear as the regular or necessary derivative. Scientific progress consists in pushing further back this ultimately given.”

“What is called economic progress is the joint effect of the activities of the three progressive groups-or classes-of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.”