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The interpretation of "irrationality" in the social sciences (Chapters V- IX)


  • Mises, Ludwig von

    (Published in "Classics of economy")


In this paper, the classic economics Ludwig von Mises examines the notions of rationality and irrationality, prevailing economic and other social sciences. He criticized the prevalent interpretation of the rationality of human actions their infallibility, and the identification of rationality with the motivation of the action only "material" needs and interests. In addition, the article presents the ideas of Mises on a wide range of issues in the field of methodology and epistemology of economics and other social sciences.

Suggested Citation

  • Mises, Ludwig von, 2015. "The interpretation of "irrationality" in the social sciences (Chapters V- IX)," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 3, pages 193-205.
  • Handle: RePEc:rnp:ecopol:1535

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    praxeology; the Austrian school of economics; rationality; irrationality; theory and history; understanding; epistemology of economics; epistemology of social sciences;

    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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