The interpretive dimension of economics: Science, hermeneutics, and praxeology

The interpretive dimension of economics: Science, hermeneutics, and praxeology Rev Austrian Econ (2011) 24:91–128 DOI 10.1007/s11138-010-0137-x The interpretive dimension of economics: Science, hermeneutics, and praxeology Don Lavoie Published online: 20 January 2011 Springer Science+Business Media, LLC 2011 . . . . Keywords Hermeneutics Praxeology Interpretive dimension Gadamer Schutz 1 Introduction A crisis of the method of economic thinking is taking shape. The question arises, to what extent the style of economic thought which has been predominant for about half a century, at least in the Western World, can do justice to the problems of human action in a rapidly changing world, and, in particular, in a tempestuous epoch. Ludwig M. Lachmann (1984,p.1) This essay confronts three bodies of methodological literature with one another: the growth of knowledge literature on the methods of the sciences in general, the continental philosophy known as “hermeneutics” (or the science of interpretation) on the methods of the social sciences, and the methodology that the Austrian school economist Ludwig von Mises called “praxeology” (or the science of human action) on the methods of economics in particular. The upshot of this confrontation will be that all three bodies of literature argue for what will be called an “interpretive” approach to scientific explanation. My aim is http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

The interpretive dimension of economics: Science, hermeneutics, and praxeology

Loading next page...
 
/lp/springer_journal/the-interpretive-dimension-of-economics-science-hermeneutics-and-hyxYVFe3Ji
Publisher
Springer US
Copyright
Copyright © 2011 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-010-0137-x
Publisher site
See Article on Publisher Site

Abstract

Rev Austrian Econ (2011) 24:91–128 DOI 10.1007/s11138-010-0137-x The interpretive dimension of economics: Science, hermeneutics, and praxeology Don Lavoie Published online: 20 January 2011 Springer Science+Business Media, LLC 2011 . . . . Keywords Hermeneutics Praxeology Interpretive dimension Gadamer Schutz 1 Introduction A crisis of the method of economic thinking is taking shape. The question arises, to what extent the style of economic thought which has been predominant for about half a century, at least in the Western World, can do justice to the problems of human action in a rapidly changing world, and, in particular, in a tempestuous epoch. Ludwig M. Lachmann (1984,p.1) This essay confronts three bodies of methodological literature with one another: the growth of knowledge literature on the methods of the sciences in general, the continental philosophy known as “hermeneutics” (or the science of interpretation) on the methods of the social sciences, and the methodology that the Austrian school economist Ludwig von Mises called “praxeology” (or the science of human action) on the methods of economics in particular. The upshot of this confrontation will be that all three bodies of literature argue for what will be called an “interpretive” approach to scientific explanation. My aim is

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Jan 20, 2011

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off