By Wolfgang Grassl, Barry Smith
First released in 1986, this booklet offers a reissue of the 1st certain war of words among the Austrian university of economics and Austrian philosophy, in particular the philosophy of the Brentano university. It encompasses a research of the roots of Austrian economics within the liberal political thought of the nineteenth-century Hapsburg empire, and a learn of the kin among the overall concept of price underlying Austrian economics and the recent monetary method of human behaviour propounded by means of Gary Becker and others in Chicago. additionally, it considers the connections among Austrian technique and modern debates within the philosophy of the social sciences.
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Additional info for Austrian Economics: Historical and Philosophical Background
65 Propositions expressing these relations, or propositions logically derivable from these, are synthetic (they picture objectively existing determinations of reality) and a priori (their truth is evident to anyone who is familiar with the domain in question). 1: The Dependence Structure of Entrepreneurship priori truth, for example, that a stream of pure entrepreneurial profits can by its nature exist, only if there exist also both entrepreneurial activity and a tendency to realise some associated economic opportunity.
A medium of exchange cannot, by its nature, exist, unless there exist also economic value, economic transactions, and a generally dispersed readiness to accept. Dependence relations between moments in this generalised sense, or between moments and independent objects, may be one-sided (where a cannot exist unless b also exists, but not conversely). But they may also be reciprocal (two—or n-sided, for any n>1). 46 Moments may, by their nature, depend either upon one single independent object, or they may depend upon a manifold of dependent and/or independent objects of a more or less precisely determinate structure.
Classical and medieval philosophers had still been able to take for granted the existence of a whole class of propositions about reality whose truth is evident yet which are not derivable logically from empirically established truths. Propositions expressing causal relations will constitute for us the most prominent category of such purported synthetic a priori truths. It was only with the beginnings of modern philosophy that this assumption began gradually to be called into question; and only then did philosophers begin seriously to investigate the nature of the presuppositions on which it rests.
Austrian Economics: Historical and Philosophical Background by Wolfgang Grassl, Barry Smith