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Economic Science and the Austrian Method

  • Economic Science and the Austrian Method by Hans-Hermann Hoppe
July 20, 2005

Tags Austrian Economics OverviewPhilosophy and MethodologyPraxeology

A definitive defense of the methodological foundations of Austrian economics.

Hoppe sets the praxeological view (economics as a purely deductive science) against positivism, while taking the critics of the Austrian approach head on. Hans-Hermann Hoppe rests his argument on the Kantian idea of the "synthetic apriori" proposition, thereby expanding an aim of Mises's in the methodology section of Human Action.

Hoppe is the Austrian School's most prominent methodologist, and here he is in top form. He combines a rigorous scientific explanation with fantastic passion and rhetoric.

These lectures astonished students at the Mises University when they were first delivered. They were later turned into this monograph, which has been a staple of Austrian pedagogy ever since.

Note: The views expressed on are not necessarily those of the Mises Institute.

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 Auburn, AL: Ludwig von Mises Institute, 1995; previously published in shorter version as Praxeology and Economic Science, Auburn, AL: Ludwig von Mises Institute, 1988.