In the English language, the word “science” is usually applied only to the natural sciences. There is no doubt that there are fundamental differences between the natural sciences and the science of human action, sometimes called social science or history. Among these fundamental differences is the way in which knowledge is acquired.
[Chapter 4 from Literature & the Economics of Liberty: Spontaneous Order in Culture, edited by Paul A. Cantor and Stephen Cox.]
Available from Routledge and the Mises Bookstore.
Chris Chan has inspired one of the largest bodies of user-generated material ever assembled around a single internet personality. Documentary series spanning dozens of hours, extensive archives, community-maintained timelines, forum discussions, and countless reaction videos have been created to document his life and activities. Yet Chris Chan did not create most of this online substance; other people did.
[Excerpted from chapter 13 of Guido Hülsmann’s The Ethics of Money Production (2008).]
[Chapter 20 of The Conquest of Poverty, 1996.]
The theme of this book is the conquest of poverty, not its “abolition.” Poverty can be alleviated or reduced, and in the Western world in the last two centuries it has been almost miraculously alleviated and reduced; but poverty is ultimately individual, and individual poverty can no more be “abolished” than disease or death can be abolished.
[Chapter 3 of Classical Liberalism and the Austrian School. This chapter is adapted from a paper delivered at the general meeting of the Mont Pèlerin Society, in Cannes, September, 1994.]
Ronald Coase, Nobel Laureate in economics, relates an interesting incident highly revelatory of the state of mind of opinion moulders in the United States.
