An argument is made for the relevance of phenomenological hermeneutics to economics, with special attention to recent debates on hermeneutics among economists of the Austrian school of Ludwig von Mises and F. A. Hayek. Hermeneutics is explicated in the context of Husserlian phenomenology, with special attention to phenomenology's Aristotelian roots. Naive and methodological forms of ?objectivism?; are contrasted with hermeneutics, which recovers the horizons of scientific knowledge: the whole, and the activities of the human knower. Finally, the charges that hermeneutics (...) entails pernicious forms of relativism and historicism are confronted. (shrink)

“Postmodernism” denotes efforts to replace foundationalist philosophy with contextu‐alist, immanentist forms of reason. “Postlibertarianism” denotes efforts to transcend contemporary minimal statism, questioning both its “libertarian” moral superstructure and its underlying consequentialist claims and seeking to determine whether the latter can be generalized in a way that displaces the former. Efforts to reach minimal‐statist conclusions by postmodern means seem bound to aggravate the problem that plagues contemporary minimal statism: its failure to be true to its consequentialist foundations, reflected in its long‐standing (...) devotion to dubious arguments for the intrinsic good of laissez‐faire capitalism. For postmodernism fosters the illusion that one can do without any foundations at all. Rather than recovering its consequentialist roots, therefore, postmodern minimal statism tends to rely unquestioningly on the normative foundations already accepted by the libertarian “speech community,” neither responding to alternative interpretations of the value of liberty, nor transcending the arid conversation of “liberty” in favor of investigations of the real world of contemporary capitalism and the welfare state. (shrink)