Quarterly Journal of Austrian Economics

Praxeology, Economics, and Law: Issues and Implications

The Quarterly Journal of Austrian Economics
Downloads

 

Volume 7, No. 4 (Winter 2004)

 

The praxeological method is an efficacious way to investigate the fundamental theoretical questions at the heart of any study of human endeavor. Unfortunately, however, Austrian economists have often erred in portraying the method as subjective and nonempirical. It is neither. It is rooted in empirical reality and concentrates on valuations that are relational and objective. For some Austrians those distinctions are, more than anything else, just semantic differences. For another branch of the Austrian School, they represent significant conceptual differences, and result in a departure from the foundational work of Carl Menger.

CITE THIS ARTICLE

Sechrest, Larry J. “Praxeology, Economics, and Law: Issues and Implications.” The Quarterly Journal of Austrian Economics 7, No. 4 (Winter 2004): 19–40.

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute