with the properties of the ores from which they were formed (Kuhn 1977, 323). A policy of believing the best explanation, then, would often require us to believe a by the progress of theory (for example, on grounds of simplicity) or by means of innovative thought-experiments, just as inter-subjectively agreed observation
“New World.” Despite the fact that since the Industrial Revolution, technological innovations allowed an acceleration of globalization, the tendency towards trade, As Landes (1979, p. 15) states, the associated series of technological innovations substituted human ability with machinery and traded animal and human
abandoning the Misesian view of the entrepreneur as an uncertainty-bearing, innovating decision maker. Economic Calculation and the Limits to the Firm One
economies in the production of instruments and the encouragement of technological innovations which enable less-skilled (and thus cheaper) surgeons to perform
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.