A Science of Two Parts Forms a Whole (12/20)
© 2018, Barry L. Linetsky. All Rights Reserved.
Ludwig von Mises drew a sharp distinction between two types of study, one being non-teleological events in the world of inanimate matter, and the other being teleological human events that rest on the “human faculty of thinking, cognizing, and acting” (The Ultimate Foundation of Economic Science, 11). He noted: “There is within the infinite expanse of what is called the universe a small field in which man’s conscious conduct can influence the course of events” (ibid.).
Mises referred to the study of non-teleological events as “natural sciences” and the study where conscious human cognition was an aspect of the subject matter as the social sciences, or “the sciences of human action.” He included his own field of study, economics, in this latter category.
The nature of the two domains of natural science and human science is such that each requires a separate, distinct, and appropriate methodology of study. Read more