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Facts and Data Have No Meaning without a Theory to Explain Them

Audio Mises Wire

Tags Capital and Interest TheoryPraxeology

11/09/2022Frank Shostak
Narrator: 
Michael Stack

Mainstream economists claim that data alone can explain economic actions. Austrians know that without theory, data explains nothing.

Original Article: "Facts and Data Have No Meaning without a Theory to Explain Them"

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Author:

Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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Original Article: 
Facts and Data Have No Meaning without a Theory to Explain Them
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