https://wiki.freecapitalists.org/index.php?action=history&feed=atom&title=Imaginary_construction 2026-08-16T02:32:51Z Revision history for this page on the wiki MediaWiki 1.43.9 https://wiki.freecapitalists.org/index.php?title=Imaginary_construction&diff=13964&oldid=prev 2011-04-03T18:28:03Z

<p>create</p> <p><b>New page</b></p><div>An &#039;&#039;&#039;imaginary construction&#039;&#039;&#039; is defined by [[Ludwig von Mises]] as a conceptual image of a sequence of events logically evolved from the elements of action employed in its formation. It is a method of logical deduction resting on the categories of [[action]], that is, of choosing and of setting things aside.&lt;ref name=&quot;humanaction_ch14sec2&quot;&gt;[[Ludwig von Mises]]. [http://mises.org/humanaction/chap14sec2.asp XIV. The Scope and Method of Catallactics], 2. The Method of Imaginary Constructions [[Human Action]], online version, referenced 2011-04-03.&lt;/ref&gt; [[Mises]] writes:<br /> <br /> &lt;blockquote&gt;&quot;In confronting the imaginary constructions with reality we cannot raise the question of whether they correspond to experience and depict adequately the empirical data. We must ask whether the assumptions of our construction are identical with the conditions of those actions which we want to conceive.&quot;&lt;ref name=&quot;humanaction_ch14sec2&quot;&gt;&lt;/ref&gt;&lt;/blockquote&gt;<br /> <br /> The method is difficult to use because of the potential for logical errors and therefore must be applied with care and criticism.<br /> <br /> == References ==<br /> {{reflist}}<br /> <br /> {{category: economic concepts}}</div>

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