Today I left a comment over at SOLOHQ on Heidi Morris’s article “Reason and Reality: The Logical Compatibility of Austrian Economics and Objectivism,” disagreeing with what I take to be mistaken views of Austrian economics by a couple of the other commentors. The article is interesting, and admirable in its attempt to bridge the divide between the two schools of thought on both philosophical and economic issues, but it is also a little superficial in its treatment. For instance, one of the major hurdles to such a reconciliation is the subject of apriorism. Rand explicitly rejected apriorism (or at least Kantian apriorism). It remains to be shown how (or even if) praxeology-as-an-a priori-discipline can be compatible with Objectivism. (I think it can be, although it may require a little reformulation.) I recently began work on an essay dealing with this very problem. I plan to submit it to JARS when it is finished. Keep an eye out for future posts linking to rough drafts.
Objectivism and Austrian Economics
