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The Methodology of Human Action
Comment on Vernon Smith, "Reflections on Human Action After 50 Years"
Originally published in Cato Journal
Vernon Smith has given us a very interesting set of reflections on Mises’ Human Action. In the area of methodology, Human Action might be regarded as a statement of dedicated apriorism, while Smith might be regarded as a dedicated empiricist (of the experimentalist variety). Considering that, Smith displays surprising and commendable open-mindedness toward the book.
Vernon Smith has given us a very interesting set of reflections on Mises’ Human Action. In the area of methodology, Human Action might be regarded as a statement of dedicated apriorism, while Smith might be regarded as a dedicated empiricist (of the experimentalist variety). Considering that, Smith displays surprising and commendable open-mindedness toward the book.
Read this article at Cato Journal.
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