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

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  • Freire, Joseph Alexander

    (Universidad Francisco Marroquin)

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.

Suggested Citation

  • Freire, Joseph Alexander, 2024. "Austrian Thought and Social Sciences: Evolution and Application of Methodological Individualism," OSF Preprints 78dtv, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:78dtv
    DOI: 10.31219/osf.io/78dtv
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