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.
BooksDecember 29, 2011Henry HazlittThis is probably the most important economics book ever written, in the sense that it offers the greatest hope to educating everyone about the meaning of the science.
BooksJuly 20, 2005Lionel RobbinsAn 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...
JournalsJuly 20, 2005Murray N. RothbardScientism 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.
BooksJuly 20, 2005Murray N. RothbardRothbard provides a sweeping presentation of Austrian economic theory, a reconstruction of many aspects of that theory, a rigorous criticism of alternative schools, and an inspiring look at a science of liberty that concerns nearly everything and should concern everyone.
Earlier historians dealt almost exclusively with the deeds and exploits of kings and warriors. They paid little or no attention to the slowly working changes in social and economic conditions. They did not bother about the modifications of doctrines, creeds, and mentalities.
Classical economics distinguished three factors of production: land, labor, and capital. Inasmuch as capital can be resolved into land and labor, two factors remain: labor and the "conditions of well-being" made available by nature. If consumption goods are disregarded, these alone, according to the view to be found in the older literature, are the objects of economizing.
Mises DailyMarch 2, 2005N. Joseph PottsWith 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.
Before explaining this answer as another step in the direction of this goal, a second sociological fact has to be recognized: the change of the role of intellectuals, of education, and of ideology. As soon as the protection agency becomes a territorial monopolist—that is, a State—it is turned from a genuine protector into a protection racket. And in light of resistance on the part of the victims of this protection racket, a State is in need of legitimacy, of intellectual justification for what it does.