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'Austrian Economics as Affirmative Science' - '..the exact theoretical social sciences..'

Posted by ProjectC 
<blockquote>'Science does not give us absolute and final certainty. It only gives us assurance within the limits of our mental abilities and the prevailing state of scientific thought. A scientific system is but one station in an endlessly progressing search for knowledge.'

- Ludwig von Mises



'One may, of course, show up the degeneration of a research programme, but it is only constructive criticism which, with the help of rival research programmes, can achieve real success.'

- Imre Lakatos



'..the exact theoretical social sciences have a great advantage over the exact natural sciences.'

- Carl Menger
(Source: Lawrence White, The Methodology of the Austrian School Economists, page 17)</blockquote>



'...economics (which is the logic of choice) and probability (which is the language of science).'

<blockquote>'So what of "thinking globally" and "acting locally"? The best thing you can do "locally" is to try as hard as you can to understand the world around you. I would argue that this requires intensive and careful study of economics (which is the logic of choice) and probability (which is the language of science). In everything, remember to do justice, love mercy, and walk humbly with your God. The operative word here is not justice or mercy, but "humbly." A lot of people have failed to walk humbly. In the process, they have caused untold suffering.'

- Art Carden, Why Economics Is Crucial for Ethics, April 21, 2010 </blockquote>



'...Austrian writers have long felt themselves under intellectual assault not merely from alternate views of economics but from what are fundamentally different philosophies of science-notably positivism and historicism.'

<blockquote>'Someone only cursorily familiar with the Austrian literature may be forgiven for seeing Austrians as excessively preoccupied with the negative-with what the economist should not do rather than with what he or she should do. Although this naive impression normally dissolves with greater exposure to Austrian thought, there nonetheless remains a certain negative cast to Austrian methodological discussions. The reason for this, one supposes, is that Austrian writers have long felt themselves under intellectual assault not merely from alternate views of economics but from what are fundamentally different philosophies of science-notably positivism and historicism.'

- Richard N. Langlois, Austrian Economics as Affirmative Science: Comment on Rizzo --
Method, Process, and Austrian Economics page 75</blockquote>



<center>Victory</center>