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Praxeology, History, and the Perils of Historicism1

Austrian Economics: The Next Generation

ISBN: 978-1-78756-578-4, eISBN: 978-1-78756-577-7

ISSN: 1529-2134

Publication date: 3 December 2018


This chapter investigates the, often neglected or confused, role that History plays within Austrian Economics, and suggests ways that the former can inform the latter. Relying mostly on the work of Ludwig von Mises, the chapter explores the apparent contradictions between an a posteriori discipline like History and an a priori field like economics, and argues that they are nevertheless necessary intellectual complements of each other.




I received valuable comments on this project from my fellow participants at the Sixth Bienniel Wirth Institute Workshop on Austrian Economics, but would also like to thank Dr Hans Eicholz of Liberty Fund, Inc., and two anonymous reviewers of this chapter for their important suggestions, observations, and comments.


Mentzel, P.C. (2018), "Praxeology, History, and the Perils of Historicism1", Horwitz, S. (Ed.) Austrian Economics: The Next Generation (Advances in Austrian Economics, Vol. 23), Emerald Publishing Limited, Bingley, pp. 15-28.



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