Year: 2013
Author: Polleit, Thorsten
Credit and Capital Markets – Kredit und Kapital, Vol. 46 (2013), Iss. 2 : pp. 233–246
Abstract
Positivism-empiricism-falsificationism has become the ’state-of-the-art" methodology of economics. In this article it will be argued that this approach (1) suffers from (logical) deficiencies when applied to the science of human action and (2) has helped legitimizing, and putting into practice, policies that have actually contributed greatly to bringing about the latest financial and economic crisis. The ’Austrian", or to be more precise: the ’Misesian", method (praxeology) will be outlined as the proper methodology in the field of social science. (A2, B20, B41, B50, B53, C10)
Journal Article Details
Publisher Name: Global Science Press
Language: English
DOI: https://doi.org/10.3790/ccm.46.2.233
Credit and Capital Markets – Kredit und Kapital, Vol. 46 (2013), Iss. 2 : pp. 233–246
Published online: 2013-06
AMS Subject Headings: Duncker & Humblot
Copyright: COPYRIGHT: © Global Science Press
Pages: 14