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Michael Watson: What is Outside of Economics?

Mises Weekends with Jeff Deist

Tags Media and CulturePraxeology

03/30/2018Michael V. Szpindor WatsonJeff Deist

Our guest Michael Watson joins Jeff Deist after delivering a provocative paper last week at our research conference comparing Mises and Thomas Aquinas. They discuss Misesian praxeology, Catholicism, charity, altruism, and personal relationships in an attempt to decide what acts lie within and without the scope of economics.

Are humans really super-rational Homo Economicus beings, per John Stuart Mill? No, according to Mises, who posits that we operate under conditions of bounded rationality using means-ends approaches. How do we reconcile our ethical worldviews with value-free economics? And how can we apply economics and praxeology to things like religious faith, love, and even involuntary conditions like slavery and war?

Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Michael V. Szpindor Watson

Michael V. Szpindor Watson is an Assistant Professor of Economics at Belmont Abbey College.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

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