"Mises (pronounced Mee-zis) was by far the most important figure of the Austrian School of economics. The Austrians eschewed economic calculation for a more philosophical approach to issues of finance and trade. They viewed modern theories as highly mathematical, heavily conceptual, and largely divorced from reality. For them, virtually every contemporary economist is akin to a geocentrist using increasingly complicated models to predict how celestial bodies circled the Earth. Difficult math doesnât make a calculation true, and neither does it make its practitioner smart. This disdain for statistics can be seen in the New Rightâs contempt for using numeric data as a mechanism of persuasion. Itâs about the story, not the numbers."
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Academics from the United StatesAcademics from AustriaEconomists from the United StatesLudwig von MisesAustrian School economists
Original Language: English
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Sources
Michael Malice, The New Right: A Journey into the Fringe of American Politics (2019)
https://en.wikiquote.org/wiki/Ludwig_von_Mises
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Ludwig von Mises
1881 â 1973
österreichisch-amerikanischer Volkswirtschaftler
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