Thought Experiments, Counterfactuals and Comparative Analysis

Review of Austrian Economics, Vol. 22, No. 3, 2009

15 Pages Posted: 12 Dec 2010

See all articles by Paul Dragos Aligica

Paul Dragos Aligica

George Mason University - Mercatus Center

Anthony J. Evans

ESCP Europe; ESCP Europe - Department of Economics

Date Written: September 1, 2009

Abstract

This article discusses the problem of "thought experiments" in Austrian economics and takes as a starting point Lawrence Moss’ argument on the divide between the older Austrian economists - for whom thought experiments were crucial - and the new generation that, in Moss’ view, has "abandoned" such methods. The article is an attempt not only to bridge this alleged divide but also to contribute to the development of the Austrian methodology.

Keywords: Analysis, Counterfactuals, Methodology, Analytic narratives, Case studies, Thought experiments

JEL Classification: B4, B53

Suggested Citation

Aligica, Paul Dragos and Evans, Anthony J., Thought Experiments, Counterfactuals and Comparative Analysis (September 1, 2009). Review of Austrian Economics, Vol. 22, No. 3, 2009, Available at SSRN: https://ssrn.com/abstract=1723400

Paul Dragos Aligica (Contact Author)

George Mason University - Mercatus Center ( email )

3434 Washington Blvd., 4th Floor
Arlington, VA 22201
United States

Anthony J. Evans

ESCP Europe ( email )

79 Avenue de la Republique
Paris, 75011
France

HOME PAGE: http://anthonyjevans.com

ESCP Europe - Department of Economics ( email )

United Kingdom

HOME PAGE: http://anthonyjevans.com

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