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Economic Science and the Austrian Method

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A definitive defense of the methodological foundations of Austrian economics.
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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.

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(based on 3 reviews)

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by That Old Guy
on 1/27/2012
Intellectually Exciting!
It's books like this that make me happy that I have been so lucky as to find the Austrian School. In this book, a brief but knowledge packed read for sure, Hoppe criticizes popular views of scientific methods in favor of a logically sound epistemology. In brief, he criticizes empiricism as logically lacking and historicism as being likewise. He then mentions the contributions of Mises to epistemology, in the Kantian tradition, as stating that epistemology has a praxeological basis. The arguments that Hoppe makes were new to me, but when looking at them they seemed so intuitive and simply stated. This book helped me to better understand some of the tenants of the Austrian methodology such as a priori of argumentation and the action axiom as being two interwoven synthetic a priori axioms that form an epistemology that deals in reality. The reader may have to study some parts carefully to truly appreciate Hoppe's work here, but reading the book is highly rewarding. Highly recommended!!
by Gregory
on 10/17/2009
Suprisingly Good
I first received this booklet I was thinking that I would disappointed in its academic rigor. Nothing could be further from the truth. Hoppe manages to pack a great deal of economic philosophy into such a brief text. I found it to be dense in nature, thought provoking, and quite a challenging read at first pass for an analytic student of economics. For such a meager price, the information within is a value. I feel it has made for a great primer on an self-taught Austrian Econcomics and has naturally lead me my next text: Epstimelogical Problems of Economics by Mises himself. I reccomend it to university students and graduates alike as a primer as well.
by David Dittmann
on 8/16/2009
Economic Science and the Austrian Method
In step-by-step progression, this foundational-intellectual approach to Austrian Economics is a defense of the rational framework and perspective of Austrian Economics. One must be steeped in the tradition of Kantian thought or read a primer to gain the full magnitude of the treatise. Refreshingly philosophical, yet highly insightful, Hoppe develops Mises economic presuppositions of the primacy of apriori knowledge and a pure theory of action. Thusly, he posits arguements against empirical and historicist theories because they are inadequate from an epistemological basis. Finally, Mises Praexology, and a proper perspective of epistemology and action (or synthesis of the two), is the correct framework from which to develop a true understanding of Economic Science. The Footnotes and Recommended Readings section are valuable and used with keen precision. I enjoyed the book because of its philosophical basis, rather than from its defensive argumentation.
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The volume includes:

  • Preface, by Llewellyn H. Rockwell, Jr.
  • I. Praxeology and Economic Science
  • II. On Praxeology and the Praxeological Foundations of Epistemology
ISBN 9780945466208
eISBN 9781610164788
Publisher Ludwig von Mises Institute
Publication Date 2007
Original Publication Date 1988
Binding PB
Page Length 89

"Do not steal" is an excellent principle of ethics; it is also the first principle of sound economic systems.
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A definitive defense of the methodological foundations of Austrian economics.
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A definitive defense of the methodological foundations of Austrian economics.
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