REJOINDER TO HUDIK ON TRANSITIVITY

Walter E Block, William Barnett II

Abstract


Block and Barnett (2012) was an attempt to defend Austrian economics against a neoclassical criticism of it based on the money pump, an attempted reductio ad absurdum of the praxeological school’s rejection of transitivity and stable preferences. Hudik (2012) is a critical response to Block and Barnett (2012). We regard Hudik (2012) as a defense of mainstream economics in this regard and thus a renewed attack on Austrianism. The present paper is an attempt to refute Hudik (2012).

Keywords


Transitivity, indifference, preference, choice, time, rationality, stability, consistency

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References


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