Praxeology and Understanding
Praxeology and Understanding argues that praxeology is ultimately rooted in a conception of economic logic—one that is undeniable and not subject to the claims of those who would extend the idea of subjectivism beyond its appropriate bounds. Contrary to the claims of hypersubjectivists, some things can be known to be apodictically certain. The background here concerns the methodological claims of the so-called "radical subjectivists" who took the notion so far as to deny the very validity of universal economic laws.
This monograph was originally written in 1988, in the thick of a Methodenstreit within the Austrian School.
By asserting that the universe is "kaleidic" and that the future is "radically unknowable,": some thinkers, Selgin argues, are departing from the Misesian tradition, and have actually but inadvertently attacked the very core of economics as a science.