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The Ultimate Foundation of Economic Science: An Essay on Method (1962)

by Ludwig Von Mises

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752310,558 (4.4)None
In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine. Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.… (more)
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This is an essential component of Mises' corpus with a detail exposition of the importance of methodology for economic science. That methodology is one that recognizes the fundamental meaning of such concepts as free will, uncertainty, and the proper role of mathematics in the realm of economic research. The concluding chapter on the importance of the human mind and human action for understanding the human condition is invaluable. ( )
  jwhenderson | Jun 11, 2022 |
The Ultimate Foundation of Economic Science : An Essay on Method by Ludwig von Mises (1962)
  leese | Nov 23, 2009 |
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In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine. Ludwig von Mises (1881-1973) was the leading spokesman of the Austrian School of economics throughout most of the twentieth century. Bettina Bien Greaves is a former resident scholar and trustee of the Foundation for Economic Education and was a senior staff member at FEE from 1951 to 1999.

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Liberty Fund, Inc

2 editions of this book were published by Liberty Fund, Inc.

Editions: 0865976392, 0865976384

 

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