Mises Wire
Author:
Jörg Guido Hülsmann
Online Publish Date:
[Originally published as “Economic Science and Neoclassicism” in the Review of Austrian Economics: Winter 1999 ] For more than forty years, economists have routinely rejected the postulate that economic theory should be realistic. Ever since Milton Friedman (1953) sketchily outlined a positivistic methodology for economics, most students of our