Chapter 2: Praxeology, History, and the Perils of Historicism¹

This chapter investigates the, often neglected or confused, role that History plays within Austrian Economics, and suggests ways that the former can inform the latter. Relying mostly on the work of Ludwig von Mises, the chapter explores the apparent contradictions between an a posteriori discipline like History and an a priori field like economics, and argues that they are nevertheless necessary intellectual complements of each other.