About Arthur Middleton Hughes
Arthur Middleton Hughes of Adam Smith Today taught economics at the University of Maryland for 32 years. He is the author of 12 published books, most of them on database and e-mail marketing. Arthur is an Austrian economist who believes in the free market and the role of entrepreneurs in creating progress and wealth.
Who Are Austrian Economists?
Austrian economists follow in the tradition of Friedrich von Hayek, Ludwig von Mises, Israel Kirzner, Carl Menger, and Eugen von B’hm-Bawerk. The Austrian School advocates strict adherence to methodological individualism—analyzing human action exclusively from the perspective of an individual agent. Austrian economists also argue that mathematical models and statistics are an unreliable means of analyzing and testing economic theory and advocate deriving economic theory logically from basic principles of human action.
Whereas experimental research and natural experiments are often used in mainstream economics, Austrian economists contend that testability in economics is virtually impossible since it relies on human actors who cannot be placed in a lab setting without altering their would-be actions.
Learn about free enterprise from an expert in economics by contacting Arthur Middleton Hughes today in Fort Lauderdale, Florida