The aim of this paper is to critically reexamine Ludwig Mises' attempt to separate the psychological aspects of understanding (thymology) from the “science of action” (praxeology). There are, we contend, legitimate distinctions between theory, on the one hand, and, on the other, psychology...

On a few occasions F.A. Hayek made reference to the famous Gödel theorems in mathematical logic in the context of expounding his cognitive and social theory. The exact meaning of the supposed relationship between Gödel´s theorems, on the one hand, and the essential proposition of Hayek´s...

Philosopher and Economist Ludwig von Mises established an epistemological structure in order to justify his position concerning economic principles. Praxeology begins with the undeniable fact that human beings act in a purposeful manner. Praxeology is the logical framework used in the deductive...

One of the big mistakes in modern intellectual history of the Austrian school is to jump from the reality of Mises's and Hayek's being on the wrong side of the zeitgeist to a claim that they were somehow dismissed relics of a pre-scientific age or martyrs to the causes. The reality is that Mises...

This paper is an attempt to systematize the methodological insights and contributions of the Austrian School of Economics and present them in their most up-to-date elaboration, thereby building on the earlier literature on the subject. It aims to improve on the publications listed above in two...