Ludwig von Mises Quote

"It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power. An economist can never be a favorite of autocrats and demagogues. With them he is always the mischief-maker, and the more they are inwardly convinced that his objections are well-founded, the more they hate him."

by:	Ludwig von Mises (1881-1973) Economist and social philosopher
Source:	Human Action. A Treatise on Economics (1949), Third Revised Edition (San Francisco: Fox & Wilkes, 1963), p. 67
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Categories:	Economics, Politics, Power
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-- Anonymous, Reston, VA US
I love the part of the quote that says: "economics ... is a challenge to the conceit of those in power" WOW, does that paint a thousand pictures.  -- Mike, Norwalk
Telling it like it is.  -- E Archer, NYC

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