The Methodology of Human Action

Comment on Vernon Smith, "Reflections on Human Action After 50 Years"

Originally published in Cato Journal

Vernon Smith has given us a very interesting set of reflections on Mises’ Human Action. In the area of methodology, Human Action might be regarded as a statement of dedicated apriorism, while Smith might be regarded as a dedicated empiricist (of the experimentalist variety). Considering that, Smith displays surprising and commendable open-mindedness toward the book.

Vernon Smith has given us a very interesting set of reflections on Mises’ Human Action. In the area of methodology, Human Action might be regarded as a statement of dedicated apriorism, while Smith might be regarded as a dedicated empiricist (of the experimentalist variety). Considering that, Smith displays surprising and commendable open-mindedness toward the book.

Read this article at Cato Journal.

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