≡ Menu

Bonus Quotation of the Day…

… is from page 88 of the 1935 translation – titled “Economic Calculation in the Socialist Commonwealth” – of Ludwig von Mises’s 1920 paper “Die Wirtschaftsrechnung im sozialistischen Gemeinwesen,” as this translation appears in F.A. Hayek, ed., Collectivist Economic Planning (1935):

Economics, as such, figures all too sparsely in the glamorous pictures painted by the Utopians.

DBx: So it was a century ago, and so it remains today.


Next post:

Previous post: