Personally, I think that Austrian economists generally undervalue empiricism. Ludwig von Mises himself wrote of his theory: ”Its statements and propositions ar

Personally, I think that Austrian economists generally undervalue empiricism. Ludwig von Mises himself wrote of his theory: ”Its statements and propositions are not derived from experience... They are not subject to verification or falsification on the ground of experience and facts." and F.A. Hayek wrote that any theories in the social sciences can "never be verified or falsified by reference to facts."