Epistemological Problems of Economics

"The characteristic feature of this age of destructive wars and social disintegration is the revolt against economics."

So says Ludwig von Mises in his most thorough defense of the method and scope of economic science. In this treatise, he argues that the core intellectual errors of statism, socialism, protectionism, racism, irrationalism can be found in a revolt against economic logic and its special character.

What Mises identified persists to this day, as politicians, central bankers, inte...