WP: Hermeneutics and Phenomenology in the Social Sciences: Lessons from the Austrian School of Economics Case

Latest work with Gabriel Zanotti and Agustina Borella. In this occasion we explore the recent hermeneutics episode in the Austrian School of economics. Implications that transcend this school of thought.

We study a case that applies hermeneutics to social sciences, in particular to the Austrian school of economics. We argue that an inaccurate treatment of hermeneutics contributed to an epistemological downgrade of the Austrian school in the economic scientific community. We discuss how this shortcoming can be fixed and how a proper hermeneutic application to the Austrian school explains why this school of thought is neither positivist nor postmodern.

Download the paper from SSRN.

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