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Mind the Theory

- Thorsten Polleit -

Economics is an a priori science. I would suggest you read some basics of Austrian Economics before rereading this article.

For example : http://mises.org/esandtam/pes1.asp

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Commented 4272 days ago

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Beginning of the headline :I. The saying that things may work nicely in theory, but do not necessarily work in practice is well known.[1] It is typically meant to disparage the importance of theory, suggesting it would be too far removed from practical matters to help in solving the issue at hand. The Prussian philosopher Immanuel Kant (1724–1804), in his 1793 essay "On the Popular Judgment: 'This May Be True in Theory, But It Does Not Apply in Practice,'" responded to such criticism; in fact, he responded with his essay to criticism leveled against his ethical theory by the philosopher ChristianGarve (1742–1798)... Read More

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