A Comment on ‘The Extraordinary Claim of Praxeology’ by Professor Gutierrez

11 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

Ludvig von Mises and the Austrian School of Praxeological Economics do make a claim that can only be considered extraordinary, considering the type of methodology that now pervades our social science Establishment. And the claim is that there is economic knowledge that can be both known with apodictic certainty, and be of great usefulness in understanding the world in which we live. Prof Gutierrez, defending the accepted view that knowledge can either be known with apodictic certainty, or have usefulness for understanding the real world, but not both, attacks praxeological allegations to the contrary, and is in tum, criticized by the author.

Under contention are the status of the a priori nature of the category of human action, the basic premise of praxeology, as well as several other claims:

(1) Human action can only be undertaken by individual actors

(2) Action necessarily requires a desired end and a technological plan

(3) Human action necessarily aims at improving the future

(4) Human action necessarily involves a choice among competing ends

(5) All means are necessarily scarce

(6) The actor must rank his alternative ends

(7) Choices continually change, both because of changed ends as well as means

(8) Labor power and nature logically predate, and were used to form, capital

(9) Technological knowledge is a factor of production

This exchange involves not so much specific disagreements between Gutierrez and the author as it does the different world views of two competing philosophies of social science. To put it in its historical perspective, what we have here can be characterized as evolving from the debates concerning the possibility of synthetic a priori statements, first raised by Immanuel Kant and David Hume, but applied to the conceptual foundations of modern economics.

Suggested Citation

Block, Walter E., A Comment on ‘The Extraordinary Claim of Praxeology’ by Professor Gutierrez (July 5, 2011). Theory and Decision, Vol. 3, pp. 377-387, 1973. Available at SSRN: https://ssrn.com/abstract=1879646

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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