“Value is not intrinsic, it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Neither is value in words and doctrines, it is reflected in human conduct. It is not what a man or groups of men say about value that counts, but how they act.”
Quote by Ludwig von Mises
Work
Human action: a treatise on economics
This seminal work delves into the theoretical underpinnings of economics, focusing on the actions and decisions of individuals within a market economy. It is widely regarded as a foundational text in the field of economics, particularly within the Austrian School of thought. more
Author
Ludwig von Mises
Ludwig von Mises was a prominent economist, philosopher, and social theorist born on September 29, 1881, in Austria, and passed away on October 10, 1973. He is considered one of the most influential economists of the 20th century and a leading advocate for free-market economics. more
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