Distinction or Dichotomy

January, 2011

The aim of this paper is to critically reexamine Ludwig Mises’ attempt to separate the psychological aspects of understanding (thymology) from the “science of action” (praxeology). There are, we contend, legitimate distinctions between theory, on the one hand, and, on the other, psychology or history. But, there is no need to dichotomize them from one another in the way Mises sometimes did.

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Citation (Chicago Style).

Lavoie, Don and Storr, Virgil Henry. "Distinction or Dichotomy: Rethinking the Line between Thymology and Praxeology." (January 7, 2011). Review of Austrian Economics, 24, no. 2, (2011): 213.

The Subjectivist Methodology of Austrian Economics and Dewey’s Theory of Inquiry

March, 2004

"The Subjectivist Methodology of Austrian Economics and Dewey’s Theory of Inquiry" is a chapter in Dewey, Pragmatism and Economic Methodology, edited by Elias L. Khalil.

 

The Subjectivist Methodology of Austrian Economics and Dewey's Theory of Inquiry

December, 2004

The aim of this paper is to elaborate on the Austrian school’s methodological orientation, which they named “subjectivism,” in a way that shows its affinity with the main thrust of John Dewey’s notion of the logic of inquiry. It is trying to make two distinct but related points. First, it is trying to clarify what “subjectivism,” the central methodological principle of Austrian economics, really means, or at least what we think it should mean. It can be understood as a challenge to the “objectivistic” attitude of mainstream economics, the attitude that the Austrians argue is what is keeping economics too disconnected with the everyday world. Second, the paper is trying to show that the confusions that have arisen around the Austrians’ own method might be cleared up if we were to draw from Dewey’s work.

Read the full article at SSRN.com.

Citation (Chicago Style)

Storr, Virgil Henry, Lavoie, Don and Boettke, Peter J., The Subjectivist Methodology of Austrian Economics and Dewey's Theory of Inquiry (2004). PRAGMATISM AND ECONOMIC METHODOLOGY, Elias Khalil, ed., pp. 327-356, Dewey, London: Routledge, 2004.