Austrian Economics Book Club
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Has anyone started the reading yet?

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Has anyone started the reading yet? Empty Has anyone started the reading yet?

Post  Jeremiah Patterson Thu May 10, 2012 3:53 am

This is a forum test, and I was wondering if anyone had starting reading the book yet. I'm about 40 pages into it, and I think it will make for some great discussion that ties into our discussion last week.

Jeremiah Patterson

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Join date : 2012-05-07

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Post  bcrowder Sun May 13, 2012 7:40 am

from page 4: "Mises's answer is that economics is the science of human action. In itself, this may not sound very controversial. But
then Mises says of the science of economics:
Its statements and propositions are not derived from experience. They are, like those of logic and
mathematics, a priori. They are not subject to verification and falsification on the ground of experience and
facts. They are both logically and temporally antecedent to any comprehension of historical facts."

I assume "they" refers to the statements and propositions

bcrowder

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Post  SamuelVanderwaal Sun May 13, 2012 7:02 pm

bcrowder wrote:from page 4: "Mises's answer is that economics is the science of human action. In itself, this may not sound very controversial. But
then Mises says of the science of economics:
Its statements and propositions are not derived from experience. They are, like those of logic and
mathematics, a priori. They are not subject to verification and falsification on the ground of experience and
facts. They are both logically and temporally antecedent to any comprehension of historical facts."

I assume "they" refers to the statements and propositions

Yes. Mises developed his theory of economics following the Kantian idea of synthetic a priori knowledge. Hoppe is saying that according to Mises' theory the laws of economics cannot be disproved or falsified through empirical testing as they are developed logically.

SamuelVanderwaal

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