> Mises and the other "Austrian school" cultists don't believe in science.
>
> In what they label as "science," they reject the scientific method,
> which develops theories from observations, then tests them, rejecting or
modifying them if new data contradicting the theory presents itself. The
"Austrians Schoolers" place their faith, instead, in a priori
> "theories," which, they argue, should be developed without reference to
experience, and, if believed to be logically sound, maintained as
> correct, even if seemingly disproven by all experience. Rather than
> drawing their assumptions from data, Mises and the other "Austrian
> Schoolers" attempt to apply their preconceived notions to data,
> rendering their work no different--and no more valuable--than that of
> "creation science."[2]
Lloyd Responds:
No, von Mises points-out that "science" requires "controlled experiments" to
come to "scientific" conclusions. He points-out that looking at reams of data
is not equivalent to a controlled experiment and, therefore, does not have the
same authority as a scientific experiment. This is the reason von Mises says
economists and most "social scientists" have great difficulty getting beyond "a
priori theories."