The irrelevance of normative considerations for founding an Austrian law and economics: Reply to Marciano

The irrelevance of normative considerations for founding an Austrian law and economics: Reply to... In a comment on my paper, “An Austrian approach to law and economics, with special reference to superstition” (Leeson 2012), Marciano contends that Posnerian foundations “may be problematic for an Austrian approach to law and economics”. In this reply I argue that the differences between Posner and Austrians that Marciano uses as the basis for his contention are normative. If, as Austrians claim, Austrian economics is purely positive, those differences are irrelevant to the appropriate foundations for an Austrian law and economics. They pose no problem for a Posnerian founding. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

The irrelevance of normative considerations for founding an Austrian law and economics: Reply to Marciano

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Publisher
Springer US
Copyright
Copyright © 2012 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/s11138-012-0186-4
Publisher site
See Article on Publisher Site

Abstract

In a comment on my paper, “An Austrian approach to law and economics, with special reference to superstition” (Leeson 2012), Marciano contends that Posnerian foundations “may be problematic for an Austrian approach to law and economics”. In this reply I argue that the differences between Posner and Austrians that Marciano uses as the basis for his contention are normative. If, as Austrians claim, Austrian economics is purely positive, those differences are irrelevant to the appropriate foundations for an Austrian law and economics. They pose no problem for a Posnerian founding.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Jul 18, 2012

References

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