Praxeology and the Method of Economics

<p>Dr. Joe Salerno joins Jeff Deist to explore another foundational topic: the method of economics. Mises developed praxeology, perhaps his most controversial contribution to economic science. Praxeology starts with fundamental axioms, then derives economic theory by working logically through a deductive process. As such, praxeology is at odds with logical positivism and empiricism—and presents a markedly different approach to economics.</p> Readings <p>Ludwig von Mises, The Ultimate Foundation of Economic Science</p> <p>Ludwig von Mises, Human Action, Part One, Chapter II: "The Epistemological Problems of the Sciences of Human Action"</p> <p>Murray Rothbard, "In Defense of...