Quarterly Journal of Austrian Economics
Author:
Jörg Guido Hülsmann
Online Publish Date:
Volume 3, No. 4 (Winter 2000) Economic science, as handed down to us from Menger and Mises, explains observed human behavior by referring to other features of the real world. Both the phenomenon to be explained and the explanation itself are thus strictly realistic—a charm and advantage of the Menger-Mises approach as compared to other approaches.