[ This article is excerpted from Human Action (1949), chapter 37, “The Nondescript Character of Economics.” ] The Singularity of Economics What assigns economics its peculiar and unique position in the orbit both of pure knowledge and of the practical utilization of knowledge is the fact that its particular theorems are not open to any
It is customary to find fault with modern science because it abstains from expressing judgments of value. Living and acting man, we are told, has no use for Wertfreiheit ; he needs to know what he should aim at. If science does not answer this question, it is sterile. However, the objection is unfounded. Science does not value, but it provides
Reason is man’s particular and characteristic feature. There is no need for praxeology to raise the question whether reason is a suitable tool for the cognition of ultimate and absolute truth. It deals with reason only as far as it enables man to act. All those objects which are the substratum of human sensation, perception, and observation also
[Extraído de La acción humana ] Es habitual encontrar defectos en la ciencia moderna porque se abstiene de expresar juicios de valor. El hombre que vive y actúa, se nos dice, no necesita Wertfreiheit : necesita saber qué debería hacer. Si la ciencia no responde a esta pregunta es estéril. Sin embargo, la objeción no tiene fundamento. La ciencia
[Extraído de La acción humana ] La razón es una característica del hombre. La praxeología no necesita plantear la pregunta de si la razón es una herramienta apropiada para el conocimiento de la verdad última y absoluta. Trata la razón solo en la medida en que permite actuar al hombre. Todos esos objetos que son el sustrato de la sensación, la
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.