Epistemological Problems of Economics Quotes

“Action is, by definition, always rational. One is unwarranted in calling goals of action irrational simply because they are not worth striving for from the point of view of one's own valuations. Such a mode of expressions leads to gross misunderstandings. Instead of saying that irrationality plays a role in action, one should accustom oneself to saying merely: There are people who aim at different ends from those that I aim at, and people who employ different means from those I would employ in their situation.”
― Ludwig von Mises, Epistemological Problems of Economics

“Goals change, ideas of technology are transformed, but action always remains action. Action always seeks means to realize ends, and it is in this sense always rational and mindful of utility. It is, in a word, human.”
― Ludwig von mises, Epistemological Problems of Economics

“Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.”
― ludwig von Mises, Epistemological Problems of Economics