Mises Search

What differentiates the realm of the natural sciences from that of the sciences of human action is the categorial system resorted to in each in interpreting phenomena and constructing theories. The natural sciences do not know anything about final causes; inquiry and theorizing are entirely guided by the category of causality. The field of the

The thymological analysis of man is essential in the study of history. It conveys all we can know about ultimate ends and judgments of value. But as has been pointed out above, it is of no avail for praxeology and of little use in dealing with the means applied to attain ends sought. With regard to the choice of means all that matters is their

Labor is a factor of production. The price the seller of labor can obtain on the market depends on the data of the market. The quantity and the quality of labor an individual is fitted to deliver is determined by his innate and acquired characteristics. The innate abilities cannot be altered by any purposeful conduct. They are the individual’s

Class consciousness, says Marx, produces class ideologies. The class ideology provides the class with an interpretation of reality and at the same time teaches the members how to act in order to benefit their class. The content of the class ideology is uniquely determined by the historical stage of the development of the material productive forces

1. The Theory and the Data Catallactics, the theory of the market economy, is not a system of theorems valid only under ideal and unrealizable conditions and applicable to reality merely with essential restrictions and modifications. All the theorems of catallactics are rigidly and without any exception valid for all phenomena of the market

It is not possible to examine thoroughly the question of the mathematical treatment of economic problems within the frame of a brief essay. Fundamental questions of philosophy and epistemology, impossible to dispose of in a few sentences, would have to be raised. There- fore, only a few points will be presented here and aphoristically discussed.

The Free Market 5, no. 10 (October 1987)   The Institute thanks Margit von Mises for her gracious permission to print excerpts from this un-published talk. ed. The pre-capitalistic system of production was [based on] military conquest. The victorious kings had given the land to their paladins. These aristocrats were lords in the literal sense of

Letters from Ludwig von Mises and Murray N. Rothbard to Ayn Rand. Volume 21, Number 4 (2007) von Mises, Ludwig., and Murray N. Rothbard. “Mises and Rothbard Letters to Ayn Rand.” Journal of Libertarian Studies 21, No. 4 (2007):

I am here in Buenos Aires as a guest of the Centro de Difusión Economía Libre. What is economía libre ? What does this system of economic freedom mean? The answer is simple: it is the market economy; it is the system in which the cooperation of individuals in the social division of labor is achieved by the market. This market is not a place; it is

Thanks to George Reisman for sharing this interesting letter with the Institute.