Often the simplification assumptions that Austrians make are, on a granular basis, not much different from the real case. But I guess you could say that for almost all simplifying assumtions.

Rothbardian_fanatic

Any serious economist knows that the *homo economicus* model is only a simplification of reality. Some Chicago types have gone overboard in believing it to be true, but they're outliers.

Austrians make simplifying assumptions, too. What I see as the important distinction is that Austrians are usually more aware of the significance of their assumptions and the assumptions are made for the purpose of clarification rather than tractability.

Undisciplined

econ

What Modern Economists Can Learn from the Austrian School of Economics

There are times when dialectic will not work. You cannot compromise some things without destroying both. They criticize trying to make humans into homo economus and the mathematical, statistical and econometric models of human action. They don’t seem to work very well or reflect reality.