Economic Indicators

Why Economic Models Can’t Provide a Realistic Picture of Human Behavior

Mises: “The experience with which the sciences of human action have to deal is always an experience of complex phenomena. No laboratory experiments can be performed with regard to human action.”

Original Article: “Why Economic Models Can’t Provide a Realistic Picture of Human Behavior

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.