Praxeology

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Mani Basharzad

It is hard to find an article in the past century more influential in economic methodology than Milton Friedman’s “The Methodology of Positive Economics.”

Joseph T. Salerno

As a human endeavor like any other, war making is the product of reason, purpose and choice. A proper analysis of war must take into account the goals of the war makers.

Frank Shostak

One important difference between the Austrian and other schools of thought is the emphasis Austrians place upon purposeful human behavior. Consumption by individuals is not random, but rather purposeful action driven by subjective individual preferences.

Alonso Santos Rodríguez

The Austrian School of Economics represents a heterodox methodological approach to economics that significantly differs from the orthodox teachings

Frank Shostak

Modern academic economics is based upon the methodologies used to study the natural sciences. However, such methodologies are inappropriate to study economics, which must be based upon causal-realism.