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From Mises to Schutz. A Question of Apriorism in Economics

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  • Petr Špecián
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    Abstract

    The study analyzes Mises´s approach to the question of apriorism in a broader methodological context. It shows that it is not inevitable to advocate the aprioristic character of economics (resp. science of human action), as Mises does, to maintain the subjectivist-individualist methodology and the effort to adequately grasp the general laws of human action from its perspective. The present redefinition of apriorism is developed on the basis of thoughts of Barry Smith and Alfred Schutz. It suggests abandoning the apodictic character of apriori (which is untenable) and move closer to a broadly defined empiricism. The methodological insights developed in the paper are finally used to contribute to the debate between the behavioral economists and the proponents of rational choice theory.

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    Bibliographic Info

    Article provided by University of Economics, Prague in its journal Politická ekonomie.

    Volume (Year): 2012 (2012)
    Issue (Month): 3 ()
    Pages: 395-410

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    Handle: RePEc:prg:jnlpol:v:2012:y:2012:i:3:id:848:p:395-410

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    Related research

    Keywords: methodological individualism; Ludwig von Mises; ideal type; fallibilistic apriorism; behavioral economics and rational choice theory; Alfred Schutz;

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    References

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    1. Koppl, Roger & Whitman, Douglas Glen, 2004. "Rational-choice hermeneutics," Journal of Economic Behavior & Organization, Elsevier, vol. 55(3), pages 295-317, November.
    2. Virgil Storr, 2010. "Schütz on meaning and culture," The Review of Austrian Economics, Springer, vol. 23(2), pages 147-163, June.
    3. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
    4. Bruce J. Caldwell, 1984. "Praxeology and its Critics: an Appraisal," History of Political Economy, Duke University Press, vol. 16(3), pages 363-379, Fall.
    5. Kurrild-Klitgaard, Peter, 2001. " On Rationality, Ideal Types and Economics: Alfred Schuutz and the Austrian School," The Review of Austrian Economics, Springer, vol. 14(2-3), pages 119-43, September.
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