This paper is divided into a surveying and argumentative part and a slightly longer documentary part, which is meant to verify or at least make more plausible claims made in the first part. The first part deals in broad outline with the relationship of Frank and von Mises to the Vienna Circle of Logical Empiricism on the one hand and to the physicists and mathematicians in the German-speaking world on the other. The varying special positions, partly the non-conformity (...) of the two Austrian scientists are emphasized, in particular, their adherence to Ernst Mach’s epistemology and their shared interest in probability theory and applied mathematics. The impact of emigration and the after-effects in the U.S. are discussed. This leads to new insights into the fine structure of the Vienna Circle and the latter’s relationship to German academia within ‘Weimar Culture’. P. Forman’s interpretation (1971) of von Mises’ position is critically discussed. The second, documentary part, uses recently discovered correspondence between Frank and von Mises, and, to a lesser extent, von Mises’ personal diary. It aims at further substantiating some of the introductory theses and will at the same time provide material for a thorough biographical appreciation of the two scholars and friends. (shrink)

Like Hayek, Mises moved beyond economics in his later years to address questions regarding the foundation of all social science. But unlike Hayeks attempts, Misess writings on these matters have received less attention than they deserve. Theory and Histor, writes Rothbard in his introduction, "remains by far the most neglected masterwork of Mises. Here Mises defends his all-important idea of methodological dualism: one approach to the hard sciences and another for the social sciences. He defends the epistemological (...) status of economic proposition. He has his most extended analysis of those who want to claim that there is more than one logical structure by which we think about reality. He grapples with the problem of determinism and free will. And presents philosophy of history and historical research. Overall, this is a tremendously lucid defense of the fundamental Misesian approach to social philosophy. "It is Misess great methodological work, explaining the basis of his approach to economics, and providing scintillating critiques of such fallacious alternatives as historicism, scientism, and Marxian dialectical materialism. Austrian economics will never enjoy a genuine renaissance until economists read and absorb the vital lessons of this unfortunately neglected work." Theory and History should be required for any student of 20th century ideas. (shrink)

Preface LUDWIG von Mises published many books and articles in his long and productive life, each of them making important contributions to the theory and ...

INTRODUCTION TO THE THIRD EDITION: FROM VALUE THEORY TO PRAXEOLOGY Ludwig von Mises (1881–1973) is arguably the most important economist of the twentieth ...

This comprehensive study of probability considers the approaches of Pascal, Laplace, Poisson, and others. It also discusses Laws of Large Numbers, the theory of errors, and other relevant topics.

Preface LUDWIG von Mises published many books and articles in his long and productive life, each of them making important contributions to the theory and ...

The reviewer welcomes Von Mises' book as a most valuable contribution to the nowadays so badly needed clarifying of philosophical terminology. The author confesses himself to positivism, but his work bears a far more psychological and significal stamp than those of most present positivists.

This memorandum was written at the request of Henry Hazlitt to provide Mises’s comments on and concerns about F.A. Hayek’s initial proposals for what became the Mont Pèlerin Society. Mises stresses that those who favor liberty and freedom and oppose totalitarianism must also oppose interventionism. The memo argues that those who fought and lost against the rising tide of totalitarianism at the turn of the 20th Century lost their battles because they settled for middle-of-the-road policies that conceded considerable (...) ground to the socialists. The weak point in Professor Hayek’s plan is that it relies upon the cooperation of many men who are today’s middle-of-the-roaders. As interventionists, they may not be the hoped-for intellectual pioneers to inspire people to build a freer world. (shrink)

This paper continues an earlier investigation into the philosophical tradition of Vienna Indeterminism until the formation of the Vienna Circle in 1929. It focuses in particular on how Philipp Frank and Richard von Mises were able to contemplate genuine indeterminism in physics before the advent of quantum mechanics. On this account, all apparently deterministic laws could well be the macroscopic limit of indeterministic basic laws valid for the single mirco-events. Philosophically Vienna Indeterminism was launched by Mach's redefinition of (...) causality in terms of functional dependencies. This severed the rigid bond between causality and empirical realism characteristic of the Kantian conception and made possible to adjust the ontology according to the needs of a single theory. The debates between Max Planck and Franz Serafin Exner teach that the indeterminism issue was also a struggle about Boltzmann's philosophical legacy between Vienna and Berlin. Quite in line with Mach's firm empiricism, Vienna Indeterminists rejected any final decision between determinism and indeterminism on the metaphysical level. Once the frequency interpretation had won favor, the empiricist stance, moreover, permitted them to consider mass phenomena as generic observational facts coordinated to statistical collectives and to treat them on a par with moving point particles. The only condition imposed on this ontology was the uniqueness of this coordination, a condition that could be viewed as a late heir of Mach's principle of unique determination which had complemented his relational ontology. (shrink)