The Ultimate Foundation Of Economic Science

The Ultimate Foundation Of Economic Science: An Essay On Method is a book written by Ludwig Von Mises in 1962. This book is a comprehensive guide to the methodology of economics and lays down the fundamental principles of economic science. In this book, Mises argues that economics is a science that is based on the study of human action and that it is necessary to understand the nature of human action in order to understand economics.Mises also discusses the importance of deductive reasoning in economics and argues that economic theories should be based on logical deductions from axioms. He also stresses the importance of praxeology, which is the study of human action, as the foundation of economic science.The book is divided into three parts. The first part deals with the nature of economic science and the importance of understanding human action. The second part discusses the role of deductive reasoning in economics and the importance of axioms. The third part focuses on the application of economic principles to real-world issues such as inflation, unemployment, and economic growth.Overall, The Ultimate Foundation Of Economic Science: An Essay On Method is a must-read for anyone interested in economics and the methodology of economic science. Mises' clear and concise writing style makes this book accessible to both students and professionals in the field of economics.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.