--- title: "Meaning & Key Takeaway of: The body of economic knowledge is an…" description: "\"The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and..." image: "https://sms4smile.com/quotes/i/5f4/ludwig-von-mises-364_achievement_the-body-of-economic-knowledge-is-an-ess_2369405.png" --- # The body of economic knowledge is an essential element in… ![“The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.” quote by Ludwig von Mises](https://sms4smile.com/quotes/i/5f4/ludwig-von-mises-364_achievement_the-body-of-economic-knowledge-is-an-ess_2369405.png) [Download](https://sms4smile.com/quotes/i/5f4/ludwig-von-mises-364_achievement_the-body-of-economic-knowledge-is-an-ess_2369405.png) [Open image](https://sms4smile.com/quotes/i/5f4/ludwig-von-mises-364_achievement_the-body-of-economic-knowledge-is-an-ess_2369405.png) > “The body of economic knowledge is an essential element in the structure of human civilization; it is the foundation upon which modern industrialism and all the moral, intellectual, technological, and therapeutical achievements of the last centuries have been built.” [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic knowledge underpins civilization’s structures and achievements. **In simple terms:** Economics is civilization’s foundation. Key Takeaway Study economics. Themes civilization knowledge progress Mood analytical thoughtful Type philosophical educational When to use this quote - policy making - education - business strategy - historical analysis Key Concepts economic theory social foundations Questions to Reflect On - How does economic knowledge shape modern life? - What limits does it have? A Different Perspective Complex systems can’t be reduced to simple economics. ★ ★ ★ ★ ★ No ratings yet [Achievement](https://sms4smile.com/quotes/about/achievement/) [Body](https://sms4smile.com/quotes/about/body/) [Civilization](https://sms4smile.com/quotes/about/civilization/) [Elements](https://sms4smile.com/quotes/about/elements/) [Human civilization](https://sms4smile.com/quotes/about/human-civilization/) [Humans](https://sms4smile.com/quotes/about/humans/) [Industrialism](https://sms4smile.com/quotes/about/industrialism/) [Intellectual](https://sms4smile.com/quotes/about/intellectual/) [Knowledge](https://sms4smile.com/quotes/about/knowledge/) [Moral](https://sms4smile.com/quotes/about/moral/) [Nature of man](https://sms4smile.com/quotes/about/nature-of-man/) [Society](https://sms4smile.com/quotes/about/society/) [Structure](https://sms4smile.com/quotes/about/structure/) [Wisdom](https://sms4smile.com/quotes/about/wisdom/) ## Related quotes > [Pragmatism , in trying to turn experimental physics into a prototype of all science and to model all spheres of intellectual life after the…](https://sms4smile.com/quotes/max-horkheimer/pragmatism-in-trying-to-turn-experimental-physics-into-a-prototype-of/) [Max Horkheimer](https://sms4smile.com/quotes/author/max-horkheimer/) > [Economic knowledge necessarily leads to liberalism](https://sms4smile.com/quotes/ludwig-von-mises/economic-knowledge-necessarily-leads-to-liberalism/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [Modern schools and universities push students into habits of depersonalized learning, alienation from nature and sexuality, obedience to hierarchy, fear of authority, self-objectification, and…](https://sms4smile.com/quotes/arthur-evans/modern-schools-and-universities-push-students-into-habits-of/) Arthur Evans > [Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man.](https://sms4smile.com/quotes/ludwig-von-mises/human-civilization-is-not-something-achieved-against-nature-it-is/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [We do not assert that the capitalist mode of economic calculation guarantees the absolutely best solution of the allocation of factors of production. 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