Action Quote by Ludwig von Mises

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups…

— Ludwig von Mises

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human…

— Dale T. Mortensen

Modern economics is sick. Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding…

— Mark Blaug

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which…

— Thomas Sowell

“To put it bluntly, the discipline of economics has yet to get over its childish passion for mathematics and for purely theoretical and often…

— Thomas Piketty

Economics is the study of how society manages its scarce resources.

— Greg Mankiw

Economics pretends to be a science. Its practitioners fill blackboards with equations and clog computers with data. But it is really a faith, or…

— Alex Berenson

Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends…

— Ludwig von Mises

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the…

— George Soros

Economics is haunted by more fallacies than any other study known to man. This is no accident. The inherent difficulties of the subject would…

— Henry Hazlitt

There is a moral underpinning to economics. And the kinds of questions that it asks and the kinds of solutions it proposes do seem…

— John Lanchester

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its…

— John Kenneth Galbraith