The Ultimate Foundation of Economic Science

There are two senses in which this book is indeed ultimate: it deals with the very core of economics as a science, and it is the last book that Mises wrote. In The Ultimate Foundation of Economic Science, Mises argued that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. Since Mises believed these links could be proven scientifically, he concluded that economics, with its basis on that human action, is indeed a science in its own right and not an ideology or a metaphysical doctrine.