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The Austrian school developed a specific kind of economic analysis. Mises′ place in this school of thought and his praxeological point of view is discussed. His philosophical stance and its methodological implications are then considered.

Menger′s Grundsätze is explored; the Aristotelian background of the discourse is probed, as is the problematic image of Menger sketched in the secondary literature as soon as it is confronted with this Aristotelanism and with the subjective value theory and the motif of time, error and uncertainty. The conflicting elements of this picture are pieced together.