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Title:Austrian Economics, Evolutionary Psychology and Methodological Dualism: Subjectivism Reconsidered PDF Logo
Authors:Vanberg, Viktor J.
Issue Date:2004
Series/Report no.:Freiburg discussion papers on constitutional economics 04/3
Abstract:The methodological individualism and subjectivism of the Austrian tradition in economics is often associated with a methodological dualism, i.e. the claim that the nature of its subject matter, namely purposeful and intentional human action, requires economics to adopt a methodology that is fundamentally different from the causal explanatory approach of the natural sciences. This paper critically examines this claim and advocates an alternative, explicitly naturalistic and empiricist outlook at human action, exemplified, in particular, by the research program of evolutionary psychology. It is argued that, within the Austrian tradition, a decidedly naturalistic approach to subjectivism can be found in F.A. Hayek's work.
Subjects:Austrian economics
evolutionary psychology
methodological dualism
subjectivism
JEL:B41
A12
Document Type:Working Paper
Appears in Collections:Freiburger Diskussionspapiere zur Ordnungsökonomik, Universität Freiburg

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