Mathematics Versus Economic Logic – Ludwig von Mises – Mises Daily

The mathematical method of economic  calculation must be rejected not only on account of its barrenness. It is an entirely vicious method, starting from false assumptions and leading to fallacious inferences. Its syllogisms are not only sterile; they divert the mind from the study of the real problems and distort the relations between the various phenomena.

via Mathematics Versus Economic Logic – Ludwig von Mises – Mises Daily.

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