Epistemological Problems of Economics (1960)

Epistemological Problems of Economics is a book written by Ludwig von Mises, an Austrian economist and philosopher. The book was first published in 1960 and is considered one of Mises' most important works. In the book, Mises explores the epistemological foundations of economics, which is the study of how we acquire knowledge about economic phenomena. He argues that economics is a deductive science, meaning that economic theories are derived from a few basic axioms and logical deductions. Mises also discusses the limitations of empirical methods in economics, arguing that economic phenomena are too complex and diverse to be accurately measured using statistical methods. Instead, he emphasizes the importance of understanding the underlying economic principles and using deductive reasoning to make predictions about economic behavior. Throughout the book, Mises also critiques various economic theories and approaches, including positivism, historicism, and Marxism. He argues that these approaches are flawed because they fail to recognize the fundamental principles of economics and rely too heavily on empirical data. Overall, Epistemological Problems of Economics is a seminal work in the field of Austrian economics and provides a thorough analysis of the epistemological foundations of economic theory.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.