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Essentials of Economics, 10th Edition by Bradley Schiller and Karen Gebhardt (9781259235702) Preview the textbook, purchase or get a FREE instructor-only desk copy. Skip to main content x Sign In Access My Products Sign In To Shop Sign In

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Austin was the first chair of law at the new University of London, from 1829. Austin's utilitarian answer to "what is law?" was that law is "commands, backed by threat of sanctions, from a sovereign, to whom people have a habit of obedience…

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Like Mises, Rothbard rejected the application of the scientific method to economics and dismissed econometrics, empirical and statistical analysis and other tools of mainstream social science as useless for the study of economics.

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