In the sciences of human action, it is impossible to test conclusions. The “facts” of human history are complex ones, resultants of many causes. These causes can only be isolated by theory, theory that is necessarily a priori to these historical facts.
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A tribute to Ludwig von Mises written by Murray N. Rothbard. This article appeared in the Libertarian Review, April 1978, pp. 37–38.
Published in Advances in Austrian Economics, Vol. 3, 1996.
in Jack Birner and Rudy van Zijp, eds., Hayek, Coordi
This is an essay which takes as its jumping off point the free enterprise system.
During the past decade a significant change has occurred in the kinds of questions explored by monetary economists. Heretofore, one of the central issues concerned the “rules versus discretion” debate of a central bank empowered monopolistically to supply base money.
From the Journal for Institutional Innovation, Development, and Transition, Vol. 3, 1998.
