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© 2023 Œconomica by ASE & SOREC
Institutul Ludwig von Mises România
Economics is a science. Starting from axioms, economic theory derives theorems and laws of human action and the market. When we want to explain society, economic theory is like the technical knowledge engineers use to design and explain the load-bearing structure of a building. An economic system built or altered in spite of economic laws is like a building designed or altered in spite of the strength of materials and the laws of physics. Sooner or later both are doomed to collapse.

ŒCONOMICA no. 1/2023
Rainer Zitelmann’s Defense of Capitalism