Ludwig von Mises Quotes


Facts per se can neither prove nor refute anything. Everything is decided by the interpretation and explanation of the facts, by the ideas and the theories.


Citations

Mises, Ludwig von. Human Action: A Treatise on Economics. Yale University Press, 1949, p. 651.

Related Quotes

This quotation illustrates and important aspect of science. Specifically, that theory, something ephemeral and impractical to the layman, has immense practical power in developing great scientific and technological breakthroughs. The result of this breakthrough was large lenses that could make lights more powerful and make lighthouses much more safe. Even the atomic bomb was really developed from theory and then engineered for practical use.


Ludwig von Mises
Ludwig von Mises
  • Born: September 29, 1881
  • Died: October 10, 1973
  • Nationality: Austrian
  • Profession: Economist

Ludwig Heinrich Edler von Mises was an Austrian School economist, historian, logician and sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.