Epistemological Problems of Economics

Summary

"Epistemological Problems of Economics" is a seminal work by the Austrian economist Ludwig von Mises, originally published in 1933. In this book, Mises delves into the fundamental epistemological questions underlying economic theory and methodology. He explores the nature of economic laws, the role of assumptions and predictions in economic analysis, and the validity of economic reasoning in a world of uncertainty. The book addresses crucial issues such as the nature of economic knowledge, the distinction between economic theory and history, the possibility of economic prediction, and the limits of mathematical modeling in economics.