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BWhy historians have failed to recognize Mises’s
Theory and History^
Michael Douma
1
Published online: 3 June 2017
#Springer Science+Business Media New York 2017
Abstract Theory and History is often said to be Ludwig von Mises’least read and
least appreciated book. This article argues that historians in the Anglo-American world
generally did not understand the German and Austrian traditions that Mises drew on,
and that their early reviews of the book therefore fundamentally misunderstood its
purpose. Most saw it as a political tract. Some commented on Mises’contribution to the
debate about the autonomy of the discipline of history. Few, however, understood
Mises’apriorism or logical approach. To understand why Theory and History has not
been recognized for its a contribution to historical methodology, we must first under-
stand Mises’place as an outsider in the debates on historiography in the 1950s.
Keywords Mises .Theory and history .Popper .Historiography
JEL codes B25 .B53
Although Ludwig von Mises’book Theory and History has been reprinted
many times since the book’s original publication by Yale University Press in
1957, this must be ascribed not to the strength or popularity of the book, but
rather to the success of Mises’other works and the general revival in Austrian economics.
1
Rev Austrian Econ (2018) 31:359–372
DOI 10.1007/s11138-017-0390-3
1
It was then printed in London, England in 1958 by Jonathan Cape. Yale put out a second edition in 1963. It
was also reprinted by Arlington House in New Rochelle, New York in 1969, New York’s Garland Publishers
issued it in 1984, and the Ludwig von Mises Institute put out a version in 1985, in 2007. A chinese translation
appears in 1973, and a Spanish edition came out in 1964 in Mexico, and in 1975 in Spain. This latter edition
was reprinted in 2003 and in 2010. Liberty Fund issued a version in2005, reprinted it in 2010. Martino Fine
Books published it in 2012.
*Michael Douma
michaeljdouma@gmail.com
1
Georgetown Institute for the Study of Markets and Ethics, McDonough School of Business,
Georgetown University, P.O. Box 48, Bloomery, WV 26817, USA
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