The Ultimate Foundation of Economic Science
by Ludwig von Mises
Publisher: Liberty Fund Inc. 2006
Number of pages: 158
In this volume, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine. What has been described as his most passionate work, "The Ultimate Foundation of Economic Science" brings together all of the themes from Mises's previous work.
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by Ariel Rubinstein - The MIT Press
The author considers the modeling of choice, the modeling of procedural rationality, knowledge, memory, the choice of what to know, and group decisions. The second part discusses the fundamental difficulties of modeling bounded rationality in games.
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'Do not steal' is the first principle of sound economic systems. The topics covered by Hoppe are wide ranging: employment, interest, money, banking, trade cycles, taxes, public goods, war, imperialism, and the rise and fall of civilizations.
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Military technological changes decisively shaped geopolitics. In his book Jimmy Teng claims that to understand the impacts of these military technological changes is in fact to understand the causes behind the major historical puzzles.
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