Distinction or Dichotomy: Rethinking the Line between Thymology and Praxeology

Lavoie, Don; Storr, Virgil Henry

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Distinction or Dichotomy: Rethinking the Line between Thymology and Praxeology

Review of Austrian Economics, Vol. 24, No. 2, p. 213, 2011

21 Pages Posted: 17 Dec 2011

See all articles by Don Lavoie

Virgil Henry Storr

George Mason University - Department of Economics; George Mason University - Mercatus Center; University of Arizona Center for the Philosophy of Freedom

Date Written: January 7, 2011

Abstract

The aim of this paper is to critically reexamine Ludwig Mises’ attempt to separate the psychological aspects of understanding (thymology) from the “science of action” (praxeology). There are, we contend, legitimate distinctions between theory, on the one hand, and, on the other, psychology or history. But, there is no need to dichotomize them from one another in the way Mises sometimes did.

Keywords: Thymology, Praxeology, Hermeneutics, Mises, Methodology of the Austrian School

Suggested Citation: Suggested Citation

Lavoie, Don and Storr, Virgil Henry and Storr, Virgil Henry, Distinction or Dichotomy: Rethinking the Line between Thymology and Praxeology (January 7, 2011). Review of Austrian Economics, Vol. 24, No. 2, p. 213, 2011, Available at SSRN: https://ssrn.com/abstract=1973646