Human action is purposeful behavior.
Economists
Born in Lemberg 1881
Born in Lemberg 1881, Mises systematized Austrian economics through praxeology. His socialist calculation argument proved central planning cannot allocate rationally. Via Hayek and Rothbard, he shaped libertarianism.
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Born in Lemberg 1881's Other Quotes
Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink.
Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.
The worst evils which mankind has ever had to endure were inflicted by bad governments.
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