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First principles, fallibilism, and economics

Synthese 198 (Suppl 14):3309-3327 (2018)

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  1. Austrian economics without extreme apriorism: construing the fundamental axiom of praxeology as analytic.Alexander Linsbichler - 2021 - Synthese 198 (Suppl 14):3359-3390.
    Current debates between behavioural and orthodox economists indicate that the role and epistemological status of first principles is a particularly pressing problem in economics. As an alleged paragon of extreme apriorism, the methodology of Austrian economics in Mises’ tradition is often dismissed as untenable in the light of modern philosophy. In particular, the defence of the so-called fundamental axiom of praxeology—“Man acts.”—by means of pure intuition is almost unanimously rejected. However, in recently resurfacing debates, the extremeness of Mises’ epistemological position (...)
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  • Understanding the rationality principle in economics as a functional a priori principle.Catherine Https://Orcidorg Herfeld - 2020 - Synthese 198 (Suppl 14):3329-3358.
    Since the early days of economics, the rationality principle has been a core element of economic theorizing. It is part of almost any theoretical framework that economists use to generate knowledge. Despite its central role, the principle’s epistemic status and function continue to be debated between empiricists and rationalists, and a clear winner is yet to emerge. One point of contention is that we cannot explain the principle’s special status in light of clear evidence against its empirical validity and the (...)
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