Realism: Austrian vs. Neoclassical Economics, Reply to Caplan

14 Pages Posted: 7 Jul 2011

See all articles by Walter E. Block

Walter E. Block

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business

Date Written: July 5, 2011

Abstract

This Reply is part IV of an ongoing debate that first began with Caplan (1999) as part I. Part II can be found in Block (1999), and part III in Caplan (2002?).

Overall, the debate concerns the issue of whether the Austrian or the Neo-Classical vision more closely approaches the truth in economics, with regard to such issues as methodology, indifference, envy, verschtehen, continuity, demonstrated preference, welfare economics, public goods and cardinality. The present article is limited to replying to section II. Probability, of Caplan (2002).

Suggested Citation

Block, Walter E., Realism: Austrian vs. Neoclassical Economics, Reply to Caplan (July 5, 2011). Available at SSRN: https://ssrn.com/abstract=1879612 or http://dx.doi.org/10.2139/ssrn.1879612

Walter E. Block (Contact Author)

Loyola University New Orleans - Joseph A. Butt, S.J. College of Business ( email )

6363 St. Charles Avenue
Box 15, Miller 321
New Orleans, LA 70118
United States
(504) 864-7944 (Phone)
(504) 864-7970 (Fax)

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