Praxeology

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.

The two main principles of the praxeological system elaborated by Mises are his concept of action and his epistemological apriorism. This paper illustrates these principles in the field of the sociology of delinquency.

Joseph T. Salerno (2004) has presented us with the choice of pursuing economics as a vocation or profession. The focus of the vocational economist is the pursuit of truth whereas the professional economist 

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.

Robbins contributed the most definitive modern definition of the discipline, one which is now widely accepted. Although limited by his overly restrictive assumptions on information, 

hy is logic, usually thought of as a branch of philosophy, important to Austrian scholars, most of whom are economists and not philosophers? The aim of this paper is to sketch a number of reasons and draw some conclusions. 

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.

The praxeological method is an efficacious way to investigate the fundamental theoretical questions at the heart of any study of human endeavor. 

The author believes the evidence presented in this paper raises serious questions for Kirzner’s interpretation of Robbins’s Essay. Mises certainly treated Robbins’s book 

Our hope in publishing this symposium is to assist other instructors in teaching Austrian macroeconomics at the intermediate level and to inspire those who are inclined and equipped to contribute publications