Notable Quote

"Economics is not a thing of the past, nor is it a thing of the future. It is the science of every kind of human action. Choosing determines all human decisions. In making his choices man determines both his scale of values and the means he employs for the attainment of the ends he is aiming at. Thus economics, as the general science of acting man, reaches far beyond the boundaries of economic science as ordinarily circumscribed."

von Mises, Ludwig event 1949

From Human Action: A Treatise on Economics

Context: On the universal scope of economics as the science of human action, from Part One of Human Action (1949)