Ludwig von MisesLudwig von Mises, (1881-1973) Economist and social philosopher

Ludwig von Mises Quote

“It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker, and the more they are inwardly convinced that his objections are well-founded, the more they hate him.”

Ludwig von MisesLudwig von Mises
~ Ludwig von Mises

Human Action. A Treatise on Economics (1949), Third Revised Edition (San Francisco: Fox & Wilkes, 1963), p. 67

Ratings and Comments


Mike, Norwalk

I love the part of the quote that says: "economics ... is a challenge to the conceit of those in power" WOW, does that paint a thousand pictures.

E Archer, NYC

Telling it like it is.

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