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Epistemology and Methodology

In: The Austro-Libertarian Point of View

Author

Listed:
  • Alan G. Futerman

    (University of the Latin American Educational Center)

  • Walter E. Block

    (Loyola University New Orleans)

Abstract

The concept of Intentional Action is at the core of Praxeology, as developed by the Austrian economist Ludwig von Mises. Under this unique approach, defined as the science of human action and designed to study the field of the social sciences, Mises created an axiomatic-deductive system starting from the “action axiom”: the contention that every acting man is eager to substitute a more satisfactory state of affairs for a less desired one. From this axiom, the Austrian scholar is able to derive the fundamental features and implications of human action; such as value, scale of value, scarcity, abundance, profit, loss, uncertainty and causality, among others. This chapter intends to present the praxeological perspective on intentional action and its epistemological implications; it also attempts to answer objections to this thesis.

Suggested Citation

  • Alan G. Futerman & Walter E. Block, 2021. "Epistemology and Methodology," Springer Books, in: The Austro-Libertarian Point of View, chapter 0, pages 1-31, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-4691-1_1
    DOI: 10.1007/978-981-16-4691-1_1
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