We must read and understand economic theory because in knowledge of the truth, there is hope. To quote Hans-Hermann Hoppe, “if the power of government rests on the widespread acceptance of false, indeed absurd and foolish ideas, then the only genuine protection is the systematic attack of these ideas and the propagation and proliferation of true ones.”
We read, and we share what we have come to understand with those around us. We share our knowledge with our children, to the next generation, in hopes that what has been gained shall not be lost. In our embrace of an Austro Libertarian grand narrative of the modern world, we must point out again and again that it was the freedom characterized by the private property system and free enterprise that brought mankind forth from the ravages of nature; and it is by the same that mankind can continue with such progression despite the narratives of statism in all its forms— from interventionism to socialism and everything in between.
That is why we read economic theory.