This book presents a concise introduction to the epistemology and methodology of the Austrian School of economics as defended by Ludwig von Mises. The author provides an innovative interpretation of Mises’ arguments in favour of the a priori truth of praxeology, the received view of which contributed to the academic marginalisation of the Austrian School. The study puts forward a unique argument that Mises – perhaps unintentionally – defends a form of conventionalism. Chapters in the book include detailed discussions of individualism, historicism, epistemological positions, and essentialism. The author goes on to discuss Mises’ justification of the fundamental axiom and proposes a conventionalist interpretation. By presenting praxeology as a conventionalist research programme, the author aims to reinvigorate the interaction between the Austrian School, mainstream economics, and the philosophy of science. This comprehensive reconstruction is suitable for economists interested in the history and philosophy of their discipline, as well as for philosophers of science.
Linsbichler
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1. Introduction: The Austrian School of Economics between the Tea Party Movement and Academia.- 2. Mises and the Problem of Induction.- 3. Final Destination relativistic Historicism?.- 4. Praxeology as an Alleged Solution of the Problem of Induction.- 5. A Classification Scheme for Epistemological Positions.- 6. A Conventionalist Interpretation of Mises' Justification of the Fundamental Axiom.- 7. Praxeology as a conventionalist Research Program.- 8. Essentialism in the Austrian School.- 9. Recapitulation and Final Thoughts.
Alexander Linsbichler is a Fellow and Lecturer at the University of Vienna, Austria, where he previously studied mathematics, mathematical logic and foundations, and philosophy of science. His main areas of expertise are the history and philosophy of science, mathematical philosophy, and the Austrian School of economics. His current research project is dedicated to the multi-faceted relation between the Austrian School and logical empiricism.