Rev Austrian Econ (2016) 29:337–341 DOI 10.1007/s11138-015-0311-2 Guinevere Liberty Nell (Ed): Austrian economic perspectives on individualism and society: Moving beyond methodological individualism New York: Palgrave Macmillan, 2014 Gene Callahan Published online: 2 April 2015 Springer Science+Business Media New York 2015 This is a slim volume consisting of just six essays of moderate length, two of them by the editor, Guinevere Liberty Nell. The common thread running through them is that all of the authors are skeptical that methodological individualism is a sound principle, and suggest that Austrian economics might be better off rejecting it. In one of the stronger essays in this volume, BMethodological Individualism and Society,^ Andy Denis examines the history of Hayek’s thought, and points out that there is an inconsistency in his early advocacy of methodological individualism: There is a jump here, a hiatus in the logical train of thought. It may be true that a scientific explanation of some phenomena unintended by the human agents whose action underpins it is incomplete until it is been shown to be consistent with some set of choices and hence with a set of constitutive ideas. But that certainly does not mean that an analysis of such a set
The Review of Austrian Economics – Springer Journals
Published: Apr 2, 2015
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