Philosophy and Methodology

Fifty years ago, on Easter Monday, April 25, 1916, began the glorious Irish Revolution, a revolution that was to end by sweeping away a monstrous r

The lack of revolutions, even in highly-taxed societies points to the possibility that many are willing to tolerate rather high taxation rates, wri

The first sections of this paper consider, respectively, the following two problems that arise when dimensions are not correctly included in economic models: 

Confronted with the limitations of formalism, many economists have adopted alternative epistemological approaches which are supposed to favor a better understanding of economic phenomena. Among those, hermeneutics has enjoyed a certain success. Hermeneutics is a general theory of understanding based on the interpretation of an external reality testifying to an internal subjective reality. In economics, the interpretive act (or the process of theorization) consists in the ongoing dialogic confrontation between what contemporary economists know and what the individuals under scrutiny express of their own interpretation of the world.

A sizable number of examiners of Austrian economics have come to hold a mistaken view that Hoppe’s and Rothbard’s stances on the nature and status of the action axiom are fundamentally incompatible.

There are two Coase theorems. The simplistic one deals with the unrealistic world of zero transactions costs. The more important one addresses itself to the real world, where transactions costs are positive, 

We have tried to take Caplan to task for his many errors of omission and commission. Nevertheless, we think his was a very worthwhile article. Why? First, its quality.

William Barnett’s critique of mathematics in economic analysis, “Dimensions and Economics: Some Problems,” claims that economics almost always uses functions and equations without paying any attention

In contemporary economic theory, and especially in macroeconomics, expectations are being given a central place. There is virtually no economic model that does not examine how, within a dynamic perspective,

This paper is about the alleged tension between methodological individualism and evolutionary ideas in the work of Friedrich Hayek.