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IMPLICATIONS OF MACHLUP’S INTERPRETATION OF MISES’S EPISTEMOLOGY

Published online by Cambridge University Press:  12 February 2015

Gabriel J. Zanotti  and
Nicolás Cachanosky
Gabriel J. Zanotti
Affiliation:
Universidad Austral, School of Communication
Nicolás Cachanosky
Affiliation:
Department of Economics, Metropolitan State University of Denver.
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Abstract

We argue that Fritz Machlup’s (1995) interpretation of Mises’s epistemology is at least as, if not more, plausible than Murray N. Rothbard’s (1957) interpretation. The implications of Machlup’s interpretation of Mises and of Austrian epistemology affect Austrians and non-Austrians in their academic interaction. Machlup’s interpretation shows that Austrian epistemology is well grounded in post-Popperian epistemology and that most criticisms of Austrian economics based on its aprioristic character are misplaced. Furthermore, Machlup’s interpretation provides us with a setting to rebuild the academic interaction between Austrians and non-Austrians that was characteristic of the early twentieth century.

Type
Minisymposium
Information
Journal of the History of Economic Thought , Volume 37 , Issue 1 , March 2015 , pp. 111 - 138
Copyright
Copyright © The History of Economics Society 2015 

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