Tuesday, April 26, 2016

LUDWIG VON MISES ON THE SCEINCE OF HUMAN ACTION

Ludwig von Mises, Epistemological Problems of Economics, translated from the German by George Reisman, edited and with a foreword by Bettina Bien Greaves (Indianapolis: Liberty Fund, 2013) (From the "Preface": "This book's main contribution is in explaining that economics is 'the science of human action that strives for universally valid knowledge.' The science of human action is economic theory; it is not a history of economic phenomena." Id. at xiii.).