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History and Economic Theorizing

In: The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I

Author

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  • Carmelo Ferlito

    (Center for Market Education)

Abstract

Despite certain lines may give the opposite impression, Mises never claimed that economic theorizing should be disconnected from (historical) reality. On the contrary, by stressing the importance of looking to reality for the facts from which economic theory should be built, Mises paralleled Schumpeter closely in arguing that a vision, shaped by the observation of reality, is necessary, together with introspection, for praxeology. In the works of Professor Huerta de Soto, it is self-evident that such a reconciliation brings about important fruits for the emergence of a meaningful economic theory. This chapter underscores the possibility of solving the apparent dichotomy between history and economics through the elaboration of economic theorizing which walks together with the reference to true observable facts.

Suggested Citation

  • Carmelo Ferlito, 2023. "History and Economic Theorizing," Springer Books, in: David Howden & Philipp Bagus (ed.), The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I, pages 113-121, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-17414-8_11
    DOI: 10.1007/978-3-031-17414-8_11
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