Research Article

L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem?

Volume: 4 Number: 2 December 30, 2018
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L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem?

Abstract

In this paper, Austrian’s school revival and some of their members’ U turn toward hermeneutics is questioned, regarding the agent-structure problem in social sciences. Rather than reconciling individual and social structure, the mainstream neoclassical school dichotomize these two constructs. Austrian economics criticize neoclassical economics due to its several reductionist assumptions related with its human agent. On the other hand Austrian school recognizes the significance of “cognitive and subjective individual” as a central unit of analysis related with its action theory. Here in this paper the idea of reconciliation of “subjective individualism with hermeneutics” after the revival of Austrian economics is questioned and it is tried to shown that this attempt is not successful methodologically.

Keywords

References

  1. ADDLESON, Mark. Equilibrium Versus Understanding, London, Routledge, 1995
  2. BHASKAR, Roy. Reclaiming Reality, London, Verso, 1989a
  3. BHASKAR, Roy. The Possibility of Naturalism, England: Harvester Wheatsheaf, 1989b
  4. BOETTKE, P. J. and V. H. STORR. “Post-Classical Political Economy Polity, Society andEconomy in Weber, Mises and Hayek.” American Journal of Economics and Sociology61(1): 2002: 161-191
  5. DILTHEY, Wilhelm. Selected Works, Volume 1, Introduction to the Human Sciences, New Jersey, Princeton University Press, 1989
  6. FAY, Brian. Critical Social Science, Ithaca, Cornell University Press, 1987
  7. FOSS J. N. and G. GARZARELLI. ‘’Institutions as Knowledge Capital: Ludwig M. Lachmann’s Interpretative Institutionalism’’. SMG Working Paper No: 16/2006
  8. GADAMER, Hans Georg. Truth and Method, New York, The Continuum Publishing, 1986

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Publication Date

December 30, 2018

Submission Date

October 17, 2018

Acceptance Date

December 31, 2018

Published in Issue

Year 2018 Volume: 4 Number: 2

APA
Kara, T. M. (2018). L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem? Yildiz Social Science Review, 4(2), 125-136. https://izlik.org/JA34EE32KZ
AMA
1.Kara TM. L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem? YSSR. 2018;4(2):125-136. https://izlik.org/JA34EE32KZ
Chicago
Kara, Turkan Mine. 2018. “L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics Be a Solution to the Agent-Structure Problem?”. Yildiz Social Science Review 4 (2): 125-36. https://izlik.org/JA34EE32KZ.
EndNote
Kara TM (December 1, 2018) L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem? Yildiz Social Science Review 4 2 125–136.
IEEE
[1]T. M. Kara, “L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem?”, YSSR, vol. 4, no. 2, pp. 125–136, Dec. 2018, [Online]. Available: https://izlik.org/JA34EE32KZ
ISNAD
Kara, Turkan Mine. “L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics Be a Solution to the Agent-Structure Problem?”. Yildiz Social Science Review 4/2 (December 1, 2018): 125-136. https://izlik.org/JA34EE32KZ.
JAMA
1.Kara TM. L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem? YSSR. 2018;4:125–136.
MLA
Kara, Turkan Mine. “L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics Be a Solution to the Agent-Structure Problem?”. Yildiz Social Science Review, vol. 4, no. 2, Dec. 2018, pp. 125-36, https://izlik.org/JA34EE32KZ.
Vancouver
1.Turkan Mine Kara. L. Lachmann, D. Lavoie and a Critical Look to the Austrian School’s Revival: Can Hermeneutics be a Solution to the Agent-Structure Problem? YSSR [Internet]. 2018 Dec. 1;4(2):125-36. Available from: https://izlik.org/JA34EE32KZ