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A Theory of Socialism and Capitalism

Mises Audio Books Podcast

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Empiricism, Positivism, and Socialism

This chapter explores a unique form of socialism that diverges from traditional Marxist ideals, examining its appeal in the U.S. through the lens of empiricism and positivism. It critiques the reliance on empirical evidence for validating economic arguments, arguing that deductive reasoning alone fails to connect theories to real-world experiences. The discussion challenges the foundations of empiricist philosophy by highlighting the essential role of a priori knowledge in understanding language and economic principles.

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