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Economics, Methodology and Praxiology

Vol. 1 No. 2 (2013)

Reflections on Mises’ Human Action

  • Vernon Lomax Smith
DOI
https://doi.org/10.30800/mises.2013.v1.491
Submitted
June 1, 2018
Published
2013-12-01

Abstract

The author applies the Experimental Economics to analyze some of the postulates of Mises in Human Action. He seeks to demonstrate, using the postulates of Experimental Economics, that the spontaneous order, operating through the institutions of property rights, displays the desirable characteristics that Austrians claimed. This power of demonstration is, to the author, much more attractive than the appeal to reason, especially emphasized by Mises.

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