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The Climate Debate: When Science Serves the State

Mises DailyMarch 2, 2005
With the Kyoto Treaty, writes Joseph Potts, government and science have found each other, and the spawn of this marriage look set to destroy global wealth on a scale that will render the greatest of history’s wars trivial by comparison.

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3. Epistemological Relativism in the Sciences of Human Action

Online Text Page from Money, Method, and the Market Process, Ch. Method

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Up to the eighteenth century, historians paid little or no attention to the epistemological problems of their craft.

III. Science and Value

Online Text Page from Epistemological Problems of Economics, Ch. 1. The Task and Scope of the Science of Human Action

1. The Meaning of Neutrality With Regard to Value Judgments

The fact that the science of economics had its origin in economic policy explains why most economists use expressions in the presentation of the theory that involve judgments and standards of value accepted by all mankind, or certainly by almost all men.

The Sveriges Riksbank Prize in Economic Sciences 2007

BlogOctober 15, 2007

The Royal Swedish Academy of Sciences has decided to award The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2007 jointly to Leonid Hurwicz, University of Minnesota, Eric S. Maskin,...

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1. Social Science and Natural Science

Online Text Page from Money, Method, and the Market Process, Ch. Method

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The foundations of the modern social sciences were laid in the eighteenth century. Up to this time we find history only.

2. The Approach of the "Social Sciences"

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 6: Further Implications of the Neglect of Economic Thinking

It is customary to hypostatize social cooperation by employing the term "society." Some mysterious superhuman agency, it is said, created society and peremptorily requires man to sacrifice the concerns of his petty egoism for the benefit of society.

I. The Nature and Development of the Social Sciences

Online Text Page from Epistemological Problems of Economics, Ch. 1. The Task and Scope of the Science of Human Action

1. Origin in the Historical and Normative Sciences

It is in accounts of history that we find the earliest beginnings of knowledge in the sciences of human action. An epistemology that is today rejected required of the historian that he approach his subject matter without theory and simply depict the past as it was. He has to describe and portray past reality, and, it was said, he will best succeed in doing this if he views events and the sources of information about them with the least possible amount of prejudice and presupposition.

2. The Treatment of "Irrationality" in the Social Sciences

Online Text Page from Money, Method, and the Market Process, Ch. Method

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One of the manifestations of the present-day “revolt against reason” is the tendency to find fault with the social sciences for being purely rational. Life and reality, say the critics, are irrational; it is quite wrong to deal with them as if they were rational and open to interpretation by reasoning.

Economic Science and the Austrian Method

BooksJuly 20, 2005
Hoppe sets the praxeological view against positivism, while taking the critics of the Austrian approach head on.

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3. The Approach of Economics

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 6: Further Implications of the Neglect of Economic Thinking

Economics or catallactics, the only branch of the theoretical sciences of human action that has up to now been elaborated, views the collectives as creations of the cooperation of individuals. Guided by the idea that definite ends sought can be attained either better or only by cooperation, men associate with one another in cooperation and thus bring forth what is called groups or collectives or simply human society.

10. Fiat Money and Government Deficits by Amadeus Gabriel

Online Text Page from The Next Generation of Austrian Economics: Essays in Honor of Joseph T. Salerno, Ch. III. Policy

Scholars* of the Austrian tradition are particularly known for their important work in the field of monetary economics. They analyze the dynamics of fiat money and its impact on the real economy.

The Ultimate Foundation of Economic Science

BooksJuly 20, 2005
Mises deals with the core of economics as a science.

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An Outline of the Science of Political Economy

BooksMay 28, 2008
An outline of the Science which treats of the Nature, the Production, and the Distribution of Wealth.

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Thinking as a Science

BooksMarch 5, 2008
It's incredible that Hazlitt's 1916 tutorial on how to think would still hold up after all these years...

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An Essay on the Nature and Significance of Economic Science

BooksJuly 20, 2005
An Essay on the Nature and Significance of Economic Science by Lionel Robbins first appeared in 1932 as an outstanding English-language statement of the Misesian view of economic method, namely that economics is a social science and must advance its propositions by means of deductive reasoning and...

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The Free Market and Its Enemies: Pseudo-Science, Socialism, and Inflation

BooksMarch 25, 2009
None of us have the chance to study directly under Mises as classroom lecturer, but this book gets us as close to that ideal as is possible.

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Investigations into the Method of the Social Sciences

BooksMarch 28, 2009
Here is the book that gave the Austrian School its name. Menger — the founder of the School — lays the foundation for later developments by Mises and others.

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The Mantle of Science

JournalsJuly 20, 2005
Scientism and Values , Helmut Schoeck and James W. Wiggins, eds . (Princeton, N.J.: D. Van Nostrand ), 1960; The Logic of Action One: Method, Money, and the Austrian School (Cheltenham UK: Edward Elgar , 1997), pp . 3-23.

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10. The Concept of a Perfect System of Government

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 5: On Some Popular Errors Concerning the Scope and Method of Economics

The "social engineer" is the reformer who is prepared to "liquidate" all those who do not fit into his plan for the arrangement of human affairs. Yet historians and sometimes even victims whom he puts to death are not averse to finding some extenuating circumstances for his massacres or planned massacres by pointing out that he was ultimately motivated by a noble ambition: he wanted to establish the perfect state of mankind. They assign to him a place in the long line of the designers of utopian schemes.

8. Misinterpretation of the Climate of Opinion

Online Text Page from The Ultimate Foundation of Economic Science, Ch. Chapter 5: On Some Popular Errors Concerning the Scope and Method of Economics

One does not explain a doctrine and actions engendered by it if one declares that it was generated by the spirit of the age or by the personal or geographical environment of the actors. In resorting to such interpretations one merely stresses the fact that a definite idea was in agreement with other ideas held at the same time and in the same milieu by other people. What is called the spirit of an age, of the members of a collective, or of a certain milieu is precisely the doctrines prevailing among the individuals concerned.