It is not a conclusive proof of a doctrine's correctness that its adversaries use the police, the hangman, and violent mobs to fight it. But it is a proof of the fact that those taking recourse to violent oppression are convinced of the untenability of their own doctrines.
Can sociology be integrated into Mises's epistemological distinction between theory and history? What can sociology accomplish as a historical discipline?
There is no other means to attain full employment, rising real wage rates and a high standard of living for the common man than private initiative and free enterprise.
It becomes evident from Richard von Mises's fundamental work that mathematical probability theory can never be applicable to economics, or to any other study of human action.
All human action stems from the value judgments of individuals. Economics, properly understood, was never so foolish as to believe that all that people are after is higher incomes and lower prices.
