Abstract

There are important differences between how mainstream economists analyse economic phenomena and formulate economic laws and theories and Austrian economists’ approaches. These differences are rooted in different methodological and epistemological premises and presuppositions. The paper contains a concise overview of the main methodological and epistemological theses and presuppositions of the Austrian School of Economics. A series of key methodological and epistemological issues are briefly tackled: the nature of economic laws, the nature and limits of economic knowledge, and the role of models and imaginary constructions in economic science.

Presenters

Ionela Baltatescu
PhD Student, Social and Law Sciences, Rey Juan Carlos University

Details

Presentation Type

Virtual Lightning Talk

Theme

Civic, Political, and Community Studies

KEYWORDS

economics, epistemology, methodology

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