We will argue that the common contrast between Neoclassical models and Austrian School is not such, if it is assumed Friedman’s 1953 text, Musgrave’s (1981), and Mäki’s MISS account of models (Models as Isolations and credible Surrogate Systems). In this context the theory of market...

We study a case that applies hermeneutics to social sciences, in particular to the Austrian school of economics. We argue that an inaccurate treatment of hermeneutics contributed to an epistemological downgrade of the Austrian school in the economic scientific community. We discuss how this...

This paper tries to deepen the notion of isolation in Tony Lawson´s Critical Realism and its relation with his position on the use of mainstream economic models to access the social world. I distinguish the notion of isolation and abstraction in this author. I show that the consideration of the...