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Praxeology and the Method of Economics

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First published at 23:41 UTC on April 29th, 2019.

Mises Institute

mises

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Dr. Joe Salerno joins Jeff Deist to explore another foundational topic: the method of economics. Mises developed praxeology, perhaps his most controversial contribution to economic science. Praxeology starts with fundamental axioms, then derives economic theory by working logically through a deductive process. As such, praxeology is at odds with logical positivism and empiricism—and presents a markedly different approach to economics.

Readings
Ludwig von Mises, The Ultimate Foundation of Economic Science(mises.org/library/ultimate-foundation-economic-science)
Ludwig von Mises, Human Action, Part One, Chapter II(mises.org/library/human-action-0/html/p/640)
Murray Rothbard, "In Defense of Extreme Apriorism" (mises.org/library/defense-%E2%80%9Cextreme-apriorism%E2%80%9D)
Hans-Hermann Hoppe, Economic Science and the Austrian Method (mises.org/library/economic-science-and-austrian-method)

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