J.B. Say and the Method of Praxeology
A particularly outstanding feature of J.B. Say's treatise is that he was the first economist to think deeply about the proper methodology of his discipline.
A particularly outstanding feature of J.B. Say's treatise is that he was the first economist to think deeply about the proper methodology of his discipline.
If we had to condense Ludwig von Mises's methodological position, we would have to phrase the question as follows: "How is economics possible?"
In the following I present an a priori justification for the thesis that those means recommended by political economy are indeed efficient means for just ends.
What is the logical status of the law of marginal utility or of the quantity theory of money? To answer this, Mises had to confront empiricism and historicism.
A priori theory shows us that deviating from the sound-money principle leads to disastrous economic, social, and political damage.
When a moral code is adopted in society, approbation and good will for following the code, as well as reprobation and ill will for violating it, become common.
The knowledge that human action is purposeful action has nothing to do with psychology.