What I love about this diagram and this procedure is the evolution of modeling using the subjectivist methodology. I would classify it as groundbreaking!
Connecting to empirical models and therefore connecting to the positivist economic literature, this scholarly work by Roger Garrison bridged a gap that seemed insurmountable.
Now the transition to subjectivism is readily accessible for any ardent student of economic theory. If not indoctrinated and if possessing a truly scientifically inquisitive mind, every student of economics (even those who are required to tread the path of empiricism) can now find their way to praxeology.
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