Epistemological Problems of Economics

First published in German in 1933 and in English in 1960, Epistemological Problems of Economics presents Ludwig von Mises's views on the logical and epistemological features of social interpretation as well as his argument that the Austrian theory of value is the core element of a general theory of human behavior that transcends traditional limitations of economic science. Epistemological Problems of Economics presents the first outline of Mises's general science of human action, and may, therefore, be of special interest to individuals with knowledge in sociology or philosophy or those who are seeking a suitable initiation to Mises's thought. This volume is unique among Mises's works in that it contains a collection of essays in which he contested the theories of intellectuals he respected, such as Carl Menger, Eugen von Bhm-Bawerk, and Max Weber. Mises describes how value theory applies to human action at all times and places, as opposed to economic theory, which applies only to human action guided by economic calculation.