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Praxeology of Coercion: Catallactics vs. Cratics

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Tags Austrian Economics OverviewPraxeology

11/19/2015Rahim TaghizadeganMarc-Felix Otto

Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015)

ABSTRACT: Ludwig von Mises’s most important legacy is the foundation and analysis of catallactics, i.e., the economics of interpersonal exchange, as a sub-discipline of praxeology, the science of human action. In this paper, based both on Mises’s methodical framework and on insights by Tadeusz Kotarbinski and Max Weber, a “praxeology of coercion,” or, more precisely, an analysis of interpersonal actions involving threats, is developed. Our investigation yields both a reviewed taxonomy of human action and a first analysis of the elements of this theory, which we term cratics. This shall establish the basis for adjacent studies, furthering Mises’s project regarding the science of human action.

KEYWORDS: Austrian school, praxeology, catallactics, coercion
JEL CLASSIFICATION: B53
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Contact Rahim Taghizadegan

Rahim Taghizadegan (info@scholarium.at) is director of the academic research institute Scholarium in Vienna, Austria, lecturer at several universities and faculty member at the International Academy of Philosophy in Liechtenstein.

Contact Marc-Felix Otto

Marc-Felix Otto (marc-felix.otto@advisoryhouse.com) is equity partner at the consulting firm The Advisory House in Zurich, Switzerland.

Cite This Article

Taghizadegan, Rahim, and Marc-Felix Otto, "Praxeology of Coercion: Catallactics vs. Cratics," Quarterly Journal of Austrian Economics 18, no. 3 (Fall 2015): 249–310.

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