Frontmatter -- THE POLITICAL ECONOMY OF THE AUSTRIAN SCHOOL Series -- Contents -- Acknowledgments -- 1. Introduction -- 1. Theory -- 2. Money and Capital in Economic Development -- 3. The Theory of Economic Development and the "European Miracle'' -- II. Case Studies of Planning -- 4. The...

This paper argues that Mises's methodological position has been misunderstood by both friends and foes alike. On the one hand, Mises's critics wrongly characterize his position as rejecting empirical work. On the other hand, his defenders wrongly interpret his stance as rejecting empirical...