Three of the most respected and influential free-market thinkers of the 20th century are Ludwig von Mises (1881-1973), Milton Friedman (1912- ), and Ayn Rand (1905-1982). The purpose of this essay is to compare and evaluate the respective methodological approaches of each of these theorists who have influenced the course of history with their ideas. We will see how and why Rand’s realist approach is superior to both Mises’ rationalism and Friedman’s empiricism. (Read more...)
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