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Comments About the Mathematical Treatment of Economic Problems

The Journal of Libertarian Studies

Tags Calculation and Knowledge

07/30/2014Ludwig von Mises

It is not possible to examine thoroughly the question of the mathematical treatment of economic problems within the frame of a brief essay. Fundamental questions of philosophy and epistemology, impossible to dispose of in a few sentences, would have to be raised. There- fore, only a few points will be presented here and aphoristically discussed. For the rest, we must refer the reader to the books of Cairnes, Boehm-Bawerk, Cuhel, Rickert, and Max Weber and the author's own writings.

Volume 1, Number 2 (1977)


Ludwig von Mises

Ludwig von Mises was the acknowledged leader of the Austrian school of economic thought, a prodigious originator in economic theory, and a prolific author. Mises's writings and lectures encompassed economic theory, history, epistemology, government, and political philosophy. His contributions to economic theory include important clarifications on the quantity theory of money, the theory of the trade cycle, the integration of monetary theory with economic theory in general, and a demonstration that socialism must fail because it cannot solve the problem of economic calculation. Mises was the first scholar to recognize that economics is part of a larger science in human action, a science that he called praxeology.

Cite This Article

Mises, Ludwig von. "Comments About the Mathematical Treatment of Economic Problems." Journal of Libertarian Studies 1, No.2 (1977): 97-100.