Praxeology

Like Mises, economist Robert Lucas understood that realities of human action make it impossible to treat economics as if it were a physical science.

Recorded at Mises University 2016.

Murphy seeks to provide the reader with a "modern, condensed treatment of Mises's Human Action.

Rising income inequality and concentration of resources into fewer large firms are not a problem for marginal-pricing theory.

Every human action is undertaken in the hope of gaining at least some psychic profit. Profit need not be measured in dollars.

Man has only one tool to fight error: reason.

Hans-Hermann Hoppe explains why praxeology is the proper economic methodology.

Not a Snow Job; or, Spontaneous Order in Winter.

The new trend among famous economists is pointing out the times they changed their views in light of new empirical findings. Far from defending economics as a science and a profession, this trend actually reveals the unscientific and ideological nature of mainstream economics.

Bob Murphy lays out how we should go about understanding economics.