Mises Search

“To act means to choose one mode of action out of all possible alternatives.” Economics is a little-understood branch of knowledge, and despite its ongoing relevance to our everyday lives, it is still regarded as a subject that must be left to specialists. Modern man could scarcely make a greater error. The present bust of our most recent

[This essay is dedicated to the memory of John David Fernandez.] “There is no inductive method which could lead to the fundamental concepts of physics in error are those theorists who believe that theory comes inductively from experience.” – Albert Einstein, The Method of Theoretical Physics , Oxford, 1933 Science is united by its use of logic

During my recent return trip from India, I chanced upon a conversation with an interesting French lady at the airport. We exchanged some pleasantries about ourselves and our experiences. She had recently (and rather rigorously) been introduced to Buddhism, for which I found she had an admirable zest and appreciation. When asked to explain my own