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- “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” ― Murray N. Rothbard
www.goodreads.com/quotes/76488-it-is-no-crime-to-be-ignorant-of-economics-whichQuote by Murray N. Rothbard: “It is no crime to be ignorant ...
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Sep 4, 2024 · Murray Rothbard said, more than once, that there was nothing wrong about a person not fully understanding economics; but that those ignorant of economic principles ought not to be proposing governmental policies to govern economic activity.
- “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’
- “It is clearly absurd to limit the term 'education' to a person's formal schooling.” ― Murray N. Rothbard, Education: Free & Compulsory.
- “Taxation is theft, purely and simply even though it is theft on a grand and colossal scale which no acknowledged criminals could hope to match. It is a compulsory seizure of the property of the State’s inhabitants, or subjects.”
- “It is easy to be conspicuously 'compassionate' if others are being forced to pay the cost.” ― Murray N. Rothbard.
Oct 30, 2024 · “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.” ― Murray N. Rothbard
Modern economics is a set of formal models and equations purporting to fully determine human behaviour, at least in the economic realm. And there is no way that uncertainty can be compressed into determinate mathematical models.
Jan 7, 2018 · It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
Jun 3, 2019 · He believed there was an interdisciplinary “science of liberty.” 3 His specialized contribution to it lay in his mastery of economics. No doubt he loved economics and delighted in imparting his insights into its many mansions, from marginal utility to the dynamics of the business cycle.
Rothbard rejected mainstream economic methodologies and instead embraced the praxeology of Ludwig von Mises. Rothbard taught economics at a Wall Street division of New York University, later at Brooklyn Polytechnic, and after 1986 in an endowed position at the University of Nevada, Las Vegas.
