The Ultimate Foundation of Economic Science by Ludwig von Mises(.ePUB)
File Size: 0.5 MB
The Ultimate Foundation of Economic Science by Ludwig von Mises
Requirements: .ePUB reader, 0.5MB
Overview: In The Ultimate Foundation of Economic Science, Ludwig von Mises defends the methodological principles of the Austrian School of economics, particularly the role of praxeology—the study of human action—as the basis for economic theory. He argues that economics is a deductive science grounded in logical reasoning rather than empirical measurement alone.
Key Themes or Insights
Mises critiques positivism and historicism for their inability to produce universally valid economic laws. He emphasizes that human choices, driven by subjective values, cannot be fully explained through the methods of the natural sciences. The book underscores the distinction between economics as a theoretical discipline and the application of its principles in policy.
Style and Usefulness
Concise and philosophical in tone, the work distills Mises’s lifelong methodological views into a clear defense of economic reasoning. It is aimed at readers seeking a deeper understanding of the epistemological foundations of economics and the rationale for the Austrian approach.
Genre: Non-Fiction > Educational
Free Download links: