“Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends they should aim at. It is a science of the means to be applied for attainment of ends chosen, not, to be sure, a science of the choosing of ends. Ultimate decisions, the valuations and the choosing of ends, are beyond the scope of any science. Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends.”
Quote by Ludwig von Mises
Book:Human Action
Work
Human Action
This comprehensive treatise delves into the theoretical foundations of economics, examining the actions and interactions of individuals and societies. It offers a detailed analysis of economic phenomena, emphasizing the role of individual human action in shaping economic outcomes. more
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