"It is no crime to be ignorant of economics..."
"But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."
“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” Egalitarianism as a Revolt Against Nature, p. 202, Murray N. Rothbard
“There is, in fact, in the writings and teaching of those who nawadays call themselves ‘economists’ no longer any comprehension of the operation of the economic system as such.” Economic Freedom and Intervention, p. 154, Ludwig von Mises
But Austrian economics is about “human action” and not math and statistics that treat people as herded and unthinking cattle. JRD
“Economics is not concerned with the specific content of these ends, but with the explanation of various phenomena back to subjective valuation of useful goods,” Man, Economy, State with Power and Market, pp. 275-76, Murray N. Rothbard
Human Action (book)
Human Action: A Treatise on Economics is the magnum opus of Ludwig von Mises, first published in 1949. It defined a large part of present Austrian Economics. (The entire book is in footnote [1] below.)
"It is true that economics is a theoretical science and as such abstains from any judgment of value...Science never tells a man how he should act; it merely shows how a man must act if he wants to attain definite ends."[1]
