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Hermeneutics and phenomenology in the social sciences: Lessons from the Austrian school of economics case

Gabriel J. Zanotti (), Agustina Borella () and Nicolas Cachanosky
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Gabriel J. Zanotti: Universidad Austral
Agustina Borella: Universidad de Buenos Aires

The Review of Austrian Economics, 2023, vol. 36, issue 3, No 3, 403-415

Abstract: Abstract We study a case that applies hermeneutics to social sciences, in particular to the Austrian school of economics. We argue that an inaccurate treatment of hermeneutics contributed to an epistemological downgrade of the Austrian school in the economic scientific community. We discuss how this shortcoming can be fixed and how a proper hermeneutic application to the Austrian school explains why this school of thought is neither positivist nor postmodern.

Keywords: Hermeneutics; Phenomenology; Austrian school of economics; Epistemology of the social sciences; B25; B40; B53 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s11138-021-00548-7

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