Ludwig Wittgenstein on Errors Made in Economic Language
You may be wondering why a philosopher like Ludwig Wittgenstein is so important in economics. We know how vital the ideas of Adam Smith, John Stuart Mill, Francis Bacon, David Hume, Karl Marx, Keynes, Mises and Samuelson were in the history of the economic field and a name such as Wittgenstein seems uncommon. Yet, we have to admit that Wittgenstein was a philosopher who dedicated his entire life to shape the perfect arguments on the basis of pure logic. Moreover, a state of fact which is correctly observed is linked to logic. When it comes to the power of decisions, the truth is found in actions and is the only way which enforces the reasoning capacity of human beings. More
