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Praxeology & Understanding: An Analysis of the Controversy in Austrian Economics

3.64  ·  Rating details ·  33 ratings  ·  3 reviews
George Selgin argues that what Mises called praxeology is ultimately rooted in a conception of economic logic that is undeniable and not subject to the claims of those who would extend the idea of "subjectivism" beyond its appropriate bounds. Contrary to the claims of hyper-subjectivists, some things can be known to be apodictically certain.

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Paperback, 78 pages
Published July 28th 1990 by Ludwig Von Mises Institute
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3.64  · 
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 ·  33 ratings  ·  3 reviews


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Andy Ivey
Jun 08, 2016 rated it did not like it
Life is too short and this book is better left to the academics it was written for.
Curtis
Jan 22, 2015 rated it liked it
A short book describing a very particular set of criticisms related to Austrian economics, in particular related to the ability of praxeology (the "logic of human action," the foundational framework of the Austrian school) to predict future events. The particular question relates to the Austrian idea that the free market tends toward equilibrium. Selgin suggests that this equilibrium can be seen through the concept of equilibration, that is, the destruction of profit opportunity upon market acti ...more
Daniel Moss
Aug 12, 2016 rated it liked it
Shelves: economics
Nothing entertaining about it but it's certainly informative for someone who has read "Human Action".
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