Economics Quote by Ludwig Von Mises
““The social function of economic science consists precisely in developing sound economic theories and in exploding the fallacies of vicious reasoning. In the pursuit of this task the economist incurs the deadly enmity of all mountebanks and charlatans whose shortcuts to an earthly paradise he debunks. The less these quacks are able to advance plausible objections to an economist’s argument, the more furiously do they insult them.””
About This Quote
Source Book: Human Action, Ludwig von Mises, 1949
Economic science aims to build solid theories and expose faulty reasoning, earning hostility from charlatans who oppose truth.
In simple terms: Economics builds sound ideas and challenges false claims, drawing attacks from frauds.
Key Takeaway
Defend rigorous analysis against shortcuts.
Themes
economics
truth
intellectual honesty
criticism
Mood
analytical
defiant
Type
academic
critical
When to use this quote
- academic research
- policy advising
- public debate
- teaching economics
Key Concepts
methodology
fallacy detection
ideological conflict
Questions to Reflect On
- How can economists communicate complex ideas without alienating audiences?
- What safeguards protect truth in public discourse?
A Different Perspective
Charlatans may use emotional appeals that sway non‑experts despite logical flaws.
