On the Hermeneutics Debate: An Introduction to a Symposium on Don Lavoie's 'The Interpretive Dimension of Economics — Science, Hermeneutics, and Praxeology'

5 Pages Posted: 17 Dec 2011

See all articles by Virgil Henry Storr

Virgil Henry Storr

George Mason University - Department of Economics; George Mason University - Mercatus Center; University of Arizona Center for the Philosophy of Freedom

Date Written: December 30, 2010

Abstract

Donald Lavoie is best known outside of Austrian economics for his work on the “socialist calculation debate.” In his Rivalry and Central Planning (1985), published by Cambridge University Press, he argued that the traditional account of the debate over the possibility of rational economic calculation under socialism was incorrect. While it was widely argued that the Austrians lost that debate to the market socialists, Lavoie established that Lange and Lerner never really addressed Mises and Hayek's chief concerns. Rather than losing the debate, as Lavoie demonstrated, the Austrians actually won it. After Lavoie, it became impossible to maintain the standard account.

Keywords: Hermeneutics, Lavoie, Austrian Economics

Suggested Citation

Storr, Virgil Henry, On the Hermeneutics Debate: An Introduction to a Symposium on Don Lavoie's 'The Interpretive Dimension of Economics — Science, Hermeneutics, and Praxeology' (December 30, 2010). Review of Austrian Economics, Vol. 24, No. 2, pp. 85-89, 2011. Available at SSRN: https://ssrn.com/abstract=1968986

Virgil Henry Storr (Contact Author)

George Mason University - Department of Economics ( email )

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Fairfax, VA 22030
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HOME PAGE: http://virgilstorr.org/

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
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United States

HOME PAGE: http://virgilstorr.org/

University of Arizona Center for the Philosophy of Freedom ( email )

Department of History
Tucson, AZ 85721
United States

HOME PAGE: http://virgilstorr.org/

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