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The Treatment of “Irrationality” in the Social Sciences (Parts I—IV)

Author

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  • Mises, Ludwig von

    (Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russia)

Abstract

Ludwig von Mises, an economic classic, analyzes the popular notions of rationality and irrationality and their usage in economics and social sciences. He criticizes the prevailing treatment of rationality of human action as its infallibility and the identification of rationality with purely “material” or pecuniary motivation and interest. In addition Mises presents his ideas on the wide range of issues in the sphere of methodology and epistemology of economics and other social sciences.

Suggested Citation

  • Mises, Ludwig von, 2015. "The Treatment of “Irrationality” in the Social Sciences (Parts I—IV)," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 193-202.
  • Handle: RePEc:rnp:ecopol:ep1530
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    References listed on IDEAS

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    1. Rajkumar & Priyanka Sharma, 2008. "Emerging Trends of Derivative Trading In India," Journal of Global Economy, Research Centre for Social Sciences,Mumbai, India, vol. 4(2), pages 199-218, June.
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      Keywords

      praxeology; Austrian economics; rationality; irrationality; theory and history; understanding; Verstehen; epistemology of economics; epistemology of the social sciences;
      All these keywords.

      JEL classification:

      • A10 - General Economics and Teaching - - General Economics - - - General
      • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
      • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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