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{{Infobox book
| name            = The Ultimate Foundation of Economic Science
| title_orig      =
| translator      =
| image            = [[File:Ultimate Foundation of Economic Science cover.png|175px]]
| image_caption    =
| author          = [[Ludwig von Mises]]
| illustrator      =
| cover_artist    =
| country          = [[United States]]
| language        =
| series          = The William Volker fund series in the humane studies
| subject          = [[Economics]]
| genre            = [[Non-fiction]]
| publisher        = Van Nostrand
| pub_date        = 1962
| english_pub_date =
| media_type      = Print
| pages            = xi, 148 p.
| isbn            =
| oclc            = 169278
| dewey            =
| congress        =
| preceded_by      =
| followed_by      =
}}
'''''The Ultimate Foundation of Economic Science''''' is a treatise written by [[Ludwig von Mises]] which was first published in 1962 and ended up being his final book. ''The Ultimate Foundation of Economic Science'' concentrates on the [[Epistemology|epistemological]] basis of economics. Or more generally the contribution that economics, or the science of human action, could make to our understanding of the universe, or as Mises said:
'''''The Ultimate Foundation of Economic Science''''' is a treatise written by [[Ludwig von Mises]] which was first published in 1962 and ended up being his final book. ''The Ultimate Foundation of Economic Science'' concentrates on the [[Epistemology|epistemological]] basis of economics. Or more generally the contribution that economics, or the science of human action, could make to our understanding of the universe, or as Mises said:


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{{Quote|Yet the criterion of truth is that it works even if nobody is prepared to acknowledge it.|Ludwig von Mises|''[[The Ultimate Foundation of Economic Science]]''}}
{{Quote|Yet the criterion of truth is that it works even if nobody is prepared to acknowledge it.|Ludwig von Mises|''[[The Ultimate Foundation of Economic Science]]''}}


==See also==
* ''[[Economic Science and the Austrian Method]]''
* ''[[Epistemological Problems of Economics]]''
* ''[[An Introduction to Economic Reasoning]]''
* ''[[Investigations into the Method of the Social Sciences]]''
* ''[[Theory and History]]''


==References==
==References==
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==Links==
==Links==
{{Store|http://mises.org/store/Ultimate-Foundation-of-Economic-Science-P139.aspx}}
{{Store|http://mises.org/store/Ultimate-Foundation-of-Economic-Science-P139.aspx}}
{{academy|http://academy.mises.org/courses/epistemology/|How to Know: The Epistemology of Ludwig von Mises}}


* {{mr|120|Resources page}} (including full text)
* {{mr|120|Resources page}} (including full text)
* Articles, essays and reviews
** {{md|5740|How Mises Rebuilt Economics|[[Hans-Hermann Hoppe]]|1995}}
** {{md|2125|Praxeological Economics and Mathematical Economics|[[Gene Callahan]]|April 2006}}
* [http://mises.org/literature.aspx?Id=3&action=subject Methodological Foundations] literature collection at Mises.org
* [http://mises.org/literature.aspx?action=subject&Id=127 Austrian Methodology for the Social Sciences] literature collection at Mises.org
* Quotable Mises: ''[http://mises.org/quotes.aspx?Source=The%20Ultimate%20Foundation%20of%20Economic%20Science&action=source The Ultimate Foundation of Economic Science]''
* Other media
** [http://mises.org/media.aspx?action=category&ID=110 Economic Science and the Austrian Method] lecture series by Hans-Hermann Hoppe
* Related courses
** [http://academy.mises.org/courses/epistemology/ How to Know: The Epistemology of Ludwig von Mises] [[Mises Academy]] course by [[David Gordon]]




Revision as of 00:11, 4 May 2012

The Ultimate Foundation of Economic Science  
Author(s) Ludwig von Mises
Country United States
Series The William Volker fund series in the humane studies
Subject(s) Economics
Genre(s) Non-fiction
Publisher Van Nostrand
Publication date 1962
Media type Print
Pages xi, 148 p.
OCLC Number 169278

The Ultimate Foundation of Economic Science is a treatise written by Ludwig von Mises which was first published in 1962 and ended up being his final book. The Ultimate Foundation of Economic Science concentrates on the epistemological basis of economics. Or more generally the contribution that economics, or the science of human action, could make to our understanding of the universe, or as Mises said:

This essay proposes to stress the fact that there is in the universe something for the description and analysis of which the natural sciences cannot contribute anything. There are events beyond the range of those events that the procedures of the natural sciences are fit to observe and to describe. There is human action.
—Ludwig von Mises, The Ultimate Foundation of Economic Science

Mises uses both methodological dualism and methodological individualism to elucidate the differences between economics and the natural sciences, he pays special attention to addressing the criticisms that logical positivists had put forth against economics. Furthermore Mises spends time explaining the a priori nature of praxeology, discussing how praxeology is based on deductive reasoning from the a priori category of action.[1] The Ultimate Foundation of Economic Science is also the source of the memorable Mises quote:

Yet the criterion of truth is that it works even if nobody is prepared to acknowledge it.
—Ludwig von Mises, The Ultimate Foundation of Economic Science

See also

References

  1. ↑ Ludwig von Mises. "The Ultimate Foundation of Economic Science", 1962.

Links

The Mises Store has these related items for sale:
-The Ultimate Foundation of Economic Science

The Mises Academy offers these related courses:
-How to Know: The Epistemology of Ludwig von Mises


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