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The Philosophy of Austrian Economics

 Author: Barry Smith  Date Published: 2005  File Size: 363.6 KB  Download
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This is a useful, clearly written study of the philosophical origins of Menger’s theorizing in economics. As the author points out in his conclusion: philosophy has been an accompanying presence at every stage in the development of Austrian economics. Moreover, “Action, that leitmotif of praxeology, has in the Austrian tradition received a distinctly Aristotelian analysis. Austrian economics and a realistic philosophy seem made for each other.”


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