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- History of the Austrian School of Economics
- Philosophy and Methodology
- Jeffrey M. Herbener
Mises Daily
Author:
Jeffrey M. Herbener
Online Publish Date:
Every schoolboy learns that, to reach a true conclusion, one must start with true premises and use valid logic. The lesson, unfortunately, is largely forgotten later in life. Most lack the intelligence, interest, or courage to apply the lesson rigorously. Many break or bend the rules to further their own agendas or careers. Others can only muster
Articles of Interest
Author:
Jeffrey M. Herbener
Online Publish Date:
“Every theory must ultimately meet two tests: one, that of internal consistency, the other that of consistency with reality.” Introduction In the period between the founders of the Austrian school (Menger, Böhm-Bawerk, and Wieser) and its next generation (led by Mises and Hayek), Frank Albert Fetter was the standard bearer of the Austrian