Economic Science and the Austrian Method
Economic Science and the Austrian Method by Hans-Hermann Hoppe
English | Feb. 26, 2007 | ISBN: 094546620X | 93 Pages | PDF | 5 MB
English | Feb. 26, 2007 | ISBN: 094546620X | 93 Pages | PDF | 5 MB
A definitive defense of the praxeological view: economics as a purely deductive science. Hoppe rests his argument on the Kantian idea of the "synthetic apriori" proposition, thereby expanding an aim of Mises's in the methodology section of Human Action. Hoppe is the Austrian School's most prominent methodologist, and here he is in top form.
It was a tragic day when economics, the queen of the social sciences, adopted the methods associated with the natural sciences: empiricism and positivism. In the sweep of economic thought, this change occurred-not coincidentally-about the same time that intellectuals and politicians came to believe in the efficacy of government planning. Despite their failures, both doctrines remain godless faiths of our age.