“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.” PeopleIfsMenWantShouldMeanEndsShowsValuesDecisionEconomicsTasksUltimateAimChosenJudgementDefiniteScopeTheoreticalAttainmentValuation Book:Human Action Source: Human Action
“When all of your decisions are based on economics, you end up with a sameness of vision. You're not taking the risks, you're not exploiting the passions of your creators. You're manufacturing product for a huge vending machine.” EndsPassionDecisionVisionRiskProductsHugeEconomicsMachinesCreatorManufacturingSamenessVending Machines Author:Steven Bochco
“To combat depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection -- a procedure which can only lead to a much more severe crisis as soon as the credit expansion comes to an end.” WantMeanEndsSufferingEvilEconomicsCrisisProductionsCreditCuresDeceptionCombatExpansionSevereBankingProceduresVery MeanMisdirection Author:Friedrich August von Hayek