Mathematics Versus Economic Logic – Ludwig von Mises


Via Mathematics Versus Economic Logic – Ludwig von Mises – Mises Institute, a fascinating extract from Human Action which concludes:

Economics is not about goods and services; it is about the actions of living men. Its goal is not to dwell upon imaginary constructions such as equilibrium. These constructions are only tools of reasoning. The sole task of economics is analysis of the actions of men, is the analysis of processes.

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