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Quote by Ludwig von Mises

Work

An Interpretation of Social and Economic Evolution: The Economist

An Interpretation of Social and Economic Evolution: The Economist delves into the historical development of economic thought, analyzing the evolution of social and economic systems. The book examines various economic theories and models, discussing their relevance and implications for contemporary economic issues. It offers insights into the functioning of markets, the role of government, and the dynamics of economic growth and development. more

Author

Ludwig von Mises
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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“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.”