Posts Tagged ‘limitations’

“Economics deals with the real actions of real men. Its [laws] refer neither to ideal nor to perfect men, neither to the phantom of a fabulous economic man (homoeconomicus) nor to the statistical notion of an average man. . . . Man with all his weaknesses and limitations, every man as he lives and acts, is the subject matter of [economics].”
—Ludwig von Mises

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“The man with insight enough to admit his limitations comes nearest to perfection.” -Johann Wolfgang von Goethe