4 ms·
They reject the idea that Economics is an empirical science. Instead they believe that knowledge is obtained by deductive reasoning alone and not from the obse
by lottin 5y ago
They reject the idea that Economics is an empirical science. Instead they believe that knowledge is obtained by deductive reasoning alone and not from the observation of reality.
https://en.wikipedia.org/wiki/Praxeology https://en.wikipedia.org/wiki/Praxeology
- nieve 5y agoIt's always struck me as somewhat bizarre that so many libertarians who claim to embrace empiricism & the scientific method have also embraced a movement that's directly counter-science, but it's a school of economics they can point to and claim intellectual rigor based on.