An argument is made for the relevance of phenomenological hermeneutics to economics, with special attention to recent debates on hermeneutics among economists of the Austrian school of Ludwig von Mises and F. A. Hayek. Hermeneutics is explicated in the context of Husserlian phenomenology, with special attention to phenomenology's Aristotelian roots. Naive and methodological forms of ?objectivism?; are contrasted with hermeneutics, which recovers the horizons of scientific knowledge: the whole, and the activities of the human knower. Finally, the charges that hermeneutics (...) entails pernicious forms of relativism and historicism are confronted. (shrink)

By combining and synthesizing elements found in Austrian economics, Ayn Rand 's philosophy of Objectivism, and the closely related philosophy of human flourishing that originated with Aristotle, we have the potential to reframe the argument for a free society into a consistent reality-based whole whose integrated sum of knowledge and explanatory power is greater than that of its parts. The Austrian value-free praxeological defense of capitalism and the moral arguments of Rand, Aristotle, and the neo-Aristotelians can be brought together, resulting (...) in a powerful, emergent libertarian synthesis of great promise. (shrink)