Praxeology

Displaying 31 - 40 of 402

Carl Menger and the Sesquicentennial Founding of the Austrian School

History of the Austrian School of EconomicsPraxeologyValue and Exchange

Blog01/14/2021

With his Principles of Economics Carl Menger not only laid the foundation for the Austrian school itself but for its continuing development to this day.

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Mises and Philosophical Minimalism

Philosophy and MethodologyPraxeology

Blog01/01/2021

Mises defends praxeology using philosophical minimalism, that is, by sticking to the core fact that people act and make choices.

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Quantitative Methods in Economics Can Describe—but Not Explain—Events

Philosophy and MethodologyPraxeology

Blog12/19/2020

Human action cannot be analyzed in the same way that one would analyze objects. These quantitative methods do not improve our knowledge of the driving causes in economics.

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Mises's Vision for Value-Free Economics

Philosophy and MethodologyPraxeology

Blog12/18/2020

If you say to someone that he won’t get what he is aiming for by using the means he has chosen, you aren’t making a value judgment yourself. You are making a strictly scientific statement. 

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The Genius of Mises's Action Axiom

Praxeology

Blog10/06/2020

It is through action that our subjective valuations become measurable in objective reality. This is why the action axiom is an irreplaceable launch pad for economic thinking.

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The Forgotten Greatness of Rothbard’s Preface to Theory and History

History of the Austrian School of EconomicsPhilosophy and MethodologyPraxeology

Blog06/24/2020

Providing the opening for Mises’s great methodological work gave Rothbard the opportunity to set down his perspective on the importance of the praxeological method.

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Why You Should Read Human Action—Very Carefully

Philosophy and MethodologyPraxeology

Blog06/18/2020

Mises's Human Action is essential reading for any aspiring economist. But there can also be some pitfalls if we read it too casually.

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Nozick Once Again

Calculation and KnowledgePhilosophy and MethodologyPraxeology

Blog05/29/2020

If time preference is genetically built into humans, are they double discounting future goods? Does this mean people should stop trying to weigh time in their calculations?

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Robert Nozick on Austrian Economics

Philosophy and MethodologyPraxeology

Blog05/08/2020

It isn’t a good argument against Austrian economics that someone might come up with a science that made better predictions. You have to show us the science, so that it can be compared with praxeology. Suffice it to say that this hasn’t been done.

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