Transactional economics: John Dewey's ways of knowing and the radical subjectivism of the austrian school
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Education and Culture 22 (2):61-82 (2006)
The subjectivism of the Austrian school of economics is a special case of Dewey's transactional philosophy, also known as pragmatism or pragmatic epistemology. The Austrian economists Carl Friedrich Menger (1840-1921) and Ludwig von Mises (1881-1973) adopted an Aristotelian deductive approach to economic issues such as social behavior and exchange. Like Menger and Mises, Friedrich A. Hayek (1899-1992) viewed scientific knowledge, even in the social sciences, as asserting and aiming for objective certainty. Hayek was particularly critical of attempts to apply the empiricism of the natural sciences in the social sciences. Though Hayek was not a positivist in the sense ascribed to Milton Friedman (1912-), because he accepted the possibility of final, objective certainty, Hayek's view of scientific knowledge was closer to that of the logical positivists of the Vienna circle than to Dewey's pragmatism. Mises' a priorism, asserting and aiming for apodictic certainty, represented a more extreme form of objectivism even than Hayek's. Mises was similar in this regard to non-Austrian axiomatists such as Gerard Debreau (1921-2005), though he joined Hayek in eschewing mathematical formalism. In Dewey's contrasting view, the scientist commends new, alternative ways of knowing to the scientific community, offering more profound insight or more efficacious practical applications. Alternative ways of knowing which do not offer practical or intellectual benefits are to be rejected. Both the radical subjectivism of the Austrian school and Dewey's transactional strategy justify rejection of the mirage of social justice. Dewey's knowledge as ways of knowing suggests a broader and more fundamental critique of the socialist position in the calculation debate. The arguments presented by the Austrian school can be reformulated in terms of Dewey's pragmatic philosophy.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Barry Smith (1990). On the Austrianness of Austrian Economics. Critical Review 4 (1-2):212-238.
David L. Prychitko (1993). Formalism in Austrian‐School Welfare Economics: Another Pretense of Knowledge? Critical Review 7 (4):567-592.
Mark Blaug (1993). Hayek Revisited. Critical Review 7 (1):51-60.
Walter Block (1980). On Robert Nozick's 'on Austrian Methodology'. Inquiry 23 (4):397 – 444.
Added to index2009-01-28
Total downloads11 ( #131,222 of 1,096,567 )
Recent downloads (6 months)3 ( #99,452 of 1,096,567 )
How can I increase my downloads?