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Market Data: Power, War, and Man

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Tags War and Foreign PolicyWorld HistoryCalculation and KnowledgePraxeology

08/20/2010Ludwig von Mises

Critics condemn economic theory for disregarding the role that power plays in real life. Real man, they say, is not free to choose and to act: it is not his value judgments but the forces of power that determine market phenomena. These objections are no less spurious than all other statements of the critics of economics, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.

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