Thought experiments, counterfactuals and comparative analysis

  title={Thought experiments, counterfactuals and comparative analysis},
  author={Paul D. Aligica and Anthony Evans},
  journal={The Review of Austrian Economics},
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. It is argued that what may be perceived as “abandonment… 
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