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Advances in Austrian Economics
Type: Book
ISBN: 978-1-84950-019-7

Book part
Publication date: 31 May 1996

Abstract

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Advances in Austrian Economics
Type: Book
ISBN: 978-1-84950-019-7

Book part
Publication date: 12 November 2008

Roger Koppl

Hayek favored both classical hermeneutics and science. His scientific reasoning shows the logical necessity of methodological dualism. Bruce Caldwell and Viktor Vanberg oppose…

Abstract

Hayek favored both classical hermeneutics and science. His scientific reasoning shows the logical necessity of methodological dualism. Bruce Caldwell and Viktor Vanberg oppose hermeneutics and methodological dualism in favor of science. Their arguments depend on inappropriate interpretations of the doctrine of methodological dualism and an impoverished understanding of hermeneutics that fails to distinguish classical hermeneutics from universal hermeneutics. Hayek showed that “scientific” and “humanistic” approaches to social science can and should be compatible and complementary. Opposing (classical) hermeneutics in favor of science may cause a loss of knowledge by tending to deprive “scientific” social science of insights arising from more “humanistic” traditions.

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Explorations in Austrian Economics
Type: Book
ISBN: 978-1-84855-330-9

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