Ultimate Foundation of Economic Science : An Essay on Method
Book Details
Format
Hardback or Cased Book
ISBN-10
0865976384
ISBN-13
9780865976382
Publisher
Liberty Fund Inc
Imprint
Liberty Fund Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 30th, 2006
Print length
124 Pages
Weight
370 grams
Dimensions
23.50 x 16.10 x 1.60 cms
Product Classification:
Economics
Ksh 3,250.00
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Written toward the end of Mises''s life, his last monograph, The Ultimate Foundation of Economic Science, returned to science, economics as a science based on human action. Mises believed that, since the publication of Human Action, economists and scientists alike had misinterpreted the idea of economics as a science by deeming it epistemological positivism -- that they believed that the "science" basis was still more rooted in philosophy than in actual science. In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine. What has been described as his most passionate work, The Ultimate Foundation of Economic Science brings together all of the themes from Mises''s previous work.
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