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Economic Science and the Austrian Method_3

Economic Science and the Austrian Method_3

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<strong>Economic</strong> <strong>Science</strong> <strong>and</strong> <strong>the</strong> <strong>Austrian</strong> <strong>Method</strong>Yet even ifactions cannot be predicted in any scientific wa)',this does not imply that one reconstructive historical explanationis just as good as any o<strong>the</strong>r. It would be regarded asabsurd if someone explained <strong>the</strong> fact that I moved fromGermany to <strong>the</strong> United States by pointing out, for example,that <strong>the</strong> corn in Michigan, prior to my decision, was experiencinga growth spurt <strong>and</strong> that this had caused my decision.But why not, assuming here that <strong>the</strong> event regardingMichigan's corn indeed happened prior to my decision? Thereason is, ofcourse, that I will tell you that Michigan's cornhad no relevance for my decision. And insofar as anything isknown about me at all, it can be recognized that this is indeed<strong>the</strong> case.But how can you recognize this? The answer is byunderst<strong>and</strong>ing my motives <strong>and</strong> interests, my convictions<strong>and</strong> aspirations, my normative orientations, <strong>and</strong> my concreteperceptions resulting in this action. How do we underst<strong>and</strong>somebody <strong>and</strong>, moreover, how do we verify that ourunderst<strong>and</strong>ing is indeed correct? As regards <strong>the</strong> first part of<strong>the</strong> question-one underst<strong>and</strong>s somebody by engaging in apseudo-communication <strong>and</strong> interaction with him. I saypseudo because, evident1~ we cannot engage in an actualcommunication with Caesar in order to fmd out why hecrossed <strong>the</strong> Rubicon. But we could study his writings <strong>and</strong>compare his convictions expressed <strong>the</strong>rein with his actualdeeds; we could study <strong>the</strong> writings <strong>and</strong> actions of contemporaries<strong>and</strong> <strong>the</strong>reby try to underst<strong>and</strong> Caesar's personali~his time, <strong>and</strong> his particular role <strong>and</strong> position within his. 30tIme.300n <strong>the</strong> logic ofhisto~ see Mises, Theory <strong>and</strong> History, chapter 14; The UltimateFoundation of<strong>Economic</strong> <strong>Science</strong>, pp. 45-51; Human Action, pp. 47-51, 59-64.40 • The Ludwig von Mises Institute

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