March 28, 2009
Downloadable Menger's Investigations

The NYU Press (1985) edition of Carl Menger's classic Investigations into the Method of the Social Sciences with Special Reference to Economics (1883), with an introduction by your truly, is now available as a free pdf download, courtesy of the Mises Institute.

From the introduction:

In criticizing the view that such social institutions as law, language, money, and markets were deliberately designed or rationally constructed, Hayek comments that the Investigations "contains still the best earlier treatment of these problems."

HT: Jeff Tucker

Posted by Lawrence H. White at 10:00 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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