Abstract:The article deals with a critical analysis of the main methods of examining the Austrian school of economics. First, attention is paid to methodological individualism and subjectivism and potential problems that are associated with their fully consistent application. It is explained illegitimacy critique of mainstream economics by Austrian school in terms of praxeological law. The last chapter is devoted to criticism of the axiomatic understanding of rationality as a necessary precondition for methodological i… Show more
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