Quarterly Journal of Austrian Economics
Author:
Mateusz Machaj
Online Publish Date:
Volume 15, Number 4 (Winter 2012) In his important contribution, Jörg Guido Hülsmann (2003) attempted to redefine the method of economic science. According to him most economic laws are counterfactual in their nature and do not have to rely on ceteris paribus assumptions. The purpose of this note is to demonstrate the shortcomings of