In addition to praxeological analysis is there any other research method that is compatible with Austrian economics (either independently or in conjunction with praxeological analysis)?
For example, Dr. Richard Wagner of GMU was referring (in one of his articles) to something called agent-based models claiming that they are compatible with praxeological analysis and could add to the research methods used by Austrian economists.
Is there is another method like the one mentioned by Dr. Wagner that would be compatible with praxeology?
you can use whatever method you like so long as you ascribe the correct level of import and meaning to it.
Thanks for the quick response.
Technically, I could use any method I desire, however, I suspect that I might have a difficult time justifying the usage of a research method that is not very compatible with Austrian economics.
For example, I can’t applied economic history (econometrics) to test a hypothesis as part of exploring an economic problem with the help of praxeology. Applied economic history can be used only to demonstrate the robustness of my theoretical frame (derived through praxeology).