Rune Østgård on Nostr: Because there are no constants in the field of human action, the equation of ...
Because there are no constants in the field of human action, the equation of mathematical catallactics [the analysis of actions which are conducted on the basis of monetary calculation] cannot be made to serve practical problems [in the social sciences] in the same way the equations of mechanics solve problems through the use of data and constants that have ascertained empirically [in the natural sciences].
Ludwig von Mieses, Notes and Recollections, p. 58 [my insertions]
Published at
2024-07-21 07:02:32Event JSON
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