Austrian Theorizing: Recalling the Foundations
نویسنده
چکیده
It is a pleasure to reply to Caplan’s (1999) critique of Austrian economics. Unlike other such recent reactions1 this one shows evidence of great familiarity with the Austrian (praxeological) literature, and a deep interest in its analytical foundations. Thus, Caplan correctly identifies the works of Ludwig von Mises and Murray N. Rothbard as the core of what sets Austrian economics apart from the neoclassical mainstream. And he insightfully relegates the writings of F.A. Hayek and Israel M. Kirzner to an intermediate position between the praxeological and neoclassical approaches.2
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