Episode 11

Shawn Ritenour on Causal-Realism

Shaun Ritenour joins C.Jay to discuss the Austrian tradition of causal-realism and the evergreen importance of approaching economic problems via the implications of human action.

Episode 11

Shawn Ritenour on Causal-Realism​

Shaun Ritenour joins C.Jay to discuss the Austrian tradition of causal-realism and the evergreen importance of approaching economic problems via the implications of human action.

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April 2, 2019

Episode Notes

One of the features of the Austrian School in the Mengerian tradition is its “causal-realist” approach. It is this methodology that separates thee Austrians from so many other more mainstream views of economic science.

The two components ingrained in this tradition are both its emphasis on the cause and effect nature of economic phenomena and the real-world truth claims that it makes over against the models, the formulas, the hypotheticals, and the correlations that make up mainstream economics.

Links and Details

Surprised you're still on this page tbh.

Shawn Ritenour is Professor of Economics at Grove City College. He has previously held the Ruby Letsch-Roderique Chair of Economics at Southwest Baptist University and has served as visiting professor at the University of Angers in France. He has also served as an economist for the U. S. Bureau of Labor Statistics.

He has written scores of articles and editorials on topics including cultural economics, macroeconomic theory, policy, and pedagogy, and the intersection of economics and theology and ethics.

He earned a B. A. in economics from Northwestern College in Orange City, Iowa and a Ph.D. in economics from Auburn University.

 

One of the concepts mentioned in this episodes are the two distinct traditions within the Austrian School– In the first issue of the Austro Libertarian magazine, C.Jay has an essay laying this out.

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The Mises Reader, edited by Shawn Ritenour

Foundations of Economics, by Shawn Ritenour

What is the Causal-Realist Approach? by Joe Salerno