Realism: Austrian vs. Neoclassical Economics, Reply to Caplan
14 Pages Posted: 7 Jul 2011
Date Written: July 5, 2011
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: Suggested Citation