The Epistemological Implications of Machlup's Interpretation of Mises's Epistemology

2015. Journal of the History of Economic Thought, Vol. 37, No. 1, pp. 111-138

48 Pages Posted: 7 Mar 2013 Last revised: 15 Feb 2020

See all articles by Gabriel J. Zanotti

Gabriel J. Zanotti

Universidad Austral

Nicolas Cachanosky

Metropolitan State University of Denver; American Institute for Economic Research

Date Written: November 4, 2013

Abstract

We argue that Machlup's (1955) interpretation of Mises’s epistemology is at least, if not more, plausible than Rothbard's (1957). The implications of Machlup’s interpretation of Mises and Austrian epistemology affect Austrians, non-Austrians and how they relate to each other. Machlup’s interpretation shows that Austrian’s epistemology is well grounded and that most criticisms of Austrian economics based on their aprioristic characteristic are misplaced. Furthermore, Machlup’s interpretation provides a potential road to re-built the academic interaction between Austrians and non-Austrians that was characteristic of the early twentieth century.

Keywords: Austrian economics, non-Austrian economics, Mises, Machlup, Rothbard, a priori, apriorism, Lakatos, Kuhn

Suggested Citation

Zanotti, Gabriel J. and Cachanosky, Nicolas, The Epistemological Implications of Machlup's Interpretation of Mises's Epistemology (November 4, 2013). 2015. Journal of the History of Economic Thought, Vol. 37, No. 1, pp. 111-138, Available at SSRN: https://ssrn.com/abstract=2229570 or http://dx.doi.org/10.2139/ssrn.2229570

Gabriel J. Zanotti

Universidad Austral ( email )

Juan de Garay 125
Buenos Aires, 1065
Argentina

Nicolas Cachanosky (Contact Author)

Metropolitan State University of Denver ( email )

Student Success Building
890 Auraria Pkwy #310
Denver, CO 80217
United States

HOME PAGE: http://www.ncachanosky.edu

American Institute for Economic Research

PO Box 1000
Great Barrington, MA 01230
United States

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