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New Working Paper - Mises, Rothbard, and the Methodology of Austrian Economics

01/23/2006


By Stephen D. Parsons (De Montfort University)

Austrian economics tends to identify itself both in terms of its unique methodological position and its distinctive claims about the economy, as exemplified in the socialist calculation debate. However, in the case of Mises, the methodological defence of economic theory, or praxeology, appears to indicate that the Austrian contribution to the debate was not a praxeological exercise. Moreover, it is difficult to appreciate how claims about private property, uncertainty, and calculation can be logically inferred from the assumption that individuals act in the manner claimed by Rothbard. 

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