The Methodology of Austrian Economics as a Sophisticated, Rather Than Naive, Philosophy of Economics

Peter Boettke provides an introduction and commentary to a minisymposium with papers by Scott Scheall as well as Gabriel Zanotti and Nicolas Cachanovsky dealing with subtle interpretations of the methodological positions of Ludwig von Mises and F.A. Hayek. The methodological, analytical, and political economy ideas of Mises and Hayek represent the launching point for the development of the unique, modern Austrian school of economics. The historical Austrian school of economics, of course, has its roots in Carl Menger, Eugen Bohm-Bawerk, and Friedrick Wieser, and the marginal revolution, early neoclassical economics, and the broader philosophical and cultural phenomena associate with fin-de-siecle Vienna. But while there should be little doubt that Mises and Hayek are products of that historical school of economic thought and the products of that culture, much had transpired between their roots in Vienna and when they were respectively publishing Human Action (1949) and Individualism and Economic Order (1948). And it is these two works and the ideas they contain that led to a unique, modern Austrian school of economics in America. 

Find the paper at Journals.Cambridge.Org.