The Treatment of “Irrationality” in the Social Sciences (Parts I—IV)

Ludwig von Mises
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Ludwig von Mises: Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of Russia

Ekonomicheskaya Politika / Economic Policy, 2015, vol. 2, 193-202

Abstract: Ludwig von Mises, an economic classic, analyzes the popular notions of rationality and irrationality and their usage in economics and social sciences. He criticizes the prevailing treatment of rationality of human action as its infallibility and the identification of rationality with purely “material” or pecuniary motivation and interest. In addition Mises presents his ideas on the wide range of issues in the sphere of methodology and epistemology of economics and other social sciences.

Keywords: praxeology; Austrian economics; rationality; irrationality; theory and history; understanding; Verstehen; epistemology of economics; epistemology of the social sciences (search for similar items in EconPapers)
JEL-codes: A10 A13 B25 (search for similar items in EconPapers)
Date: 2015
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