Austrian Thought and Social Sciences: Evolution and Application of Methodological Individualism

Joseph Alexander Freire
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Joseph Alexander Freire: Universidad Francisco Marroquin

No 78dtv, OSF Preprints from Center for Open Science

Abstract: This article explores Methodological Individualism (MI) within the Austrian School of thought, analyzing its conceptual evolution and application in the social sciences. Throughout the text, it highlights the key contributions of Carl Menger, Ludwig von Mises, and Friedrich Hayek, who shaped and expanded the Austrian methodology towards a deep understanding of social phenomena from an individualistic perspective. The discussion addresses the epistemological and ontological foundations of MI and its role in studying complex social structures, arguing that social dynamics are best explained through the actions and beliefs of individuals. Finally, a critical analysis of contemporary interpretations of MI is presented, distinguishing its original approach from other schools of thought and underscoring its relevance to modern social theory.

Date: 2024-11-10
New Economics Papers: this item is included in nep-his, nep-hme and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:78dtv

DOI: 10.31219/osf.io/78dtv

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