Approach Quote by Ludwig von Mises
“The interventionists do not approach the study of economic matters with scientific disinterestedness. Most of them are driven by an envious resentment against those whose incomes are larger than their own. This bias makes it impossible for them to see things as they really are. For them the main thing is not to improve the conditions of the masses, but to harm the entrepreneurs and capitalists even if this policy victimizes the immense majority of the people.”
About This Quote
Source Book: Human Action by Ludwig von Mises, 1949
Interventionists are biased by envy, preventing objective analysis of economics and leading to policies that harm both entrepreneurs and the masses.
In simple terms: Bias blocks true economic understanding and harms everyone.
Recognize bias and seek objective analysis.
Themes
Mood
Type
When to use this quote
- policy making
- economic research
- public debate
- education reform
Key Concepts
Questions to Reflect On
- How can we ensure true objectivity?
- What safeguards prevent envy-driven policies?
Even unbiased analysis may still favor certain interests.