Abstract
In the introduction to Human Action, Ludwig von Mises proclaims, “Economics is the youngest of all sciences.”[1] Therefore, it should come as no surprise that there are those who wish to divorce the study of economics from any historical pedigree or great tradition. This is most certainly not the case. Hidden behind the relatively recent emergence of economics as a discipline worthy of study lies the central truth of all economic activity: man is free. Though such a short statement, it conveys a vast degree of depth. It tells us about a quality of human nature. Using this anthropological and philosophical framework provides an understanding of economics as more than a cold, rational course of study. Rather, it is a discipline that is distinctly full of life and humanity, therefore, liberal. Utilizing a humanistic view of the liberal arts, economics becomes linked to one of the richest traditions in civilization. Multiple economists’ views on education will be illustrated and clarified within the context of classical education. Additionally, economic concepts like the invisible hand and social cooperation, which are rooted in the axiom of human freedom and beauty, further exemplify a connection to the liberal arts, thus giving us a liberal understanding of economics.
[1] Ludwig von Mises, Human Action: A Treatise on Economics (Auburn: Mises Institute, 2020), 1.