Quarterly Journal of Austrian Economics

Volume 4, No. 2 (Summer 2001)

In my critique of Austrian economics, I carved out a virtually unique position: Despite the Austrians' professed devotion to "realism” against neoclassical pragmatism, the latter approach is in fact far more realistic than the former. Hülsmann and Block remain unconvinced. The editor's invitation to respond provides me with an ideal opportunity not only to defend myself, but to spell out the philosophical side of my original thesis in greater depth.