Hermeneutics and Phenomenology in the Social Sciences: Lessons from the Austrian School of Economics Case

(forthcoming) The Review of Austrian Economics

24 Pages Posted: 4 Jun 2020 Last revised: 23 Apr 2021

See all articles by Gabriel J. Zanotti

Gabriel J. Zanotti

Universidad Austral

Agustina Borella

University of Buenos Aires (UBA) - Universidad de Buenos Aires

Nicolas Cachanosky

Metropolitan State University of Denver; American Institute for Economic Research

Date Written: May 8, 2020

Abstract

We study a case that applies hermeneutics to social sciences, in particular to the Austrian school of economics. We argue that an inaccurate treatment of hermeneutics contributed to an epistemological downgrade of the Austrian school in the economic scientific community. We discuss how this shortcoming can be fixed and how a proper hermeneutic application to the Austrian school explains why this school of thought is neither positivist nor postmodern.

Keywords: hermeneutics, phenomenology, Austrian school of economics, epistemology of the social sciences

JEL Classification: B25; B40; B53

Suggested Citation

Zanotti, Gabriel J. and Borella, Agustina and Cachanosky, Nicolas, Hermeneutics and Phenomenology in the Social Sciences: Lessons from the Austrian School of Economics Case (May 8, 2020). (forthcoming) The Review of Austrian Economics, Available at SSRN: https://ssrn.com/abstract=3596226 or http://dx.doi.org/10.2139/ssrn.3596226

Gabriel J. Zanotti

Universidad Austral ( email )

Juan de Garay 125
Buenos Aires, 1065
Argentina

Agustina Borella

University of Buenos Aires (UBA) - Universidad de Buenos Aires ( email )

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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