Review of Austrian Economics, Volumes 1-10

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The Philosophy of Austrian Economics

  • The Review of Austrian Economics
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Tags Philosophy and Methodology

07/20/2005Barry Smith

This is a useful, clearly written study of the philosophical origins of Menger's theorizing in economics. As the author points out in his conclusion: philosophy has been an accompanying presence at every stage in the development of Austrian economics. Moreover, "Action, that leitmotif of praxeology, has in the Austrian tradition received a distinctly Aristotelian analysis. Austrian economics and a realistic philosophy seem made for each other."

References

Review of Austrian Economics, 1994, 7(2), pp. 127-132.

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