Artikel

The Financial and Economic Crisis and the Aberrance of Economics

Positivism-empiricism-falsificationism has become the 'state-of-the-art" methodology of economics. In this article it will be argued that this approach (1) suffers from (logical) deficiencies when applied to the science of human action and (2) has helped legitimizing, and putting into practice, policies that have actually contributed greatly to bringing about the latest financial and economic crisis. The 'Austrian", or to be more precise: the 'Misesian", method (praxeology) will be outlined as the proper methodology in the field of social science. (A2, B20, B41, B50, B53, C10)

Language
Englisch

Bibliographic citation
Journal: Credit and Capital Markets – Kredit und Kapital ; ISSN: 2199-1235 ; Volume: 46 ; Year: 2013 ; Issue: 2 ; Pages: 233-246

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Polleit, Thorsten
Event
Veröffentlichung
(who)
Duncker & Humblot
(where)
Berlin
(when)
2013

DOI
doi:10.3790/ccm.46.2.233
Last update
20.09.2024, 8:24 AM CEST

Data provider

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Object type

  • Artikel

Associated

  • Polleit, Thorsten
  • Duncker & Humblot

Time of origin

  • 2013

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