Description

This landmark book presents a critical study of the Austrian subjectivism of Menger and Mises and assesses their contribution in the light of contemporary philosophy of the human sciences.

Allen Oakley lays emphasis on the subjectivism of Menger and Mises as the foundation of Austrian economics. By situating their work in the context of the philosophies of the human sciences evolving around them, he shows how these founders of the modern Austrian tradition failed to fully appreciate and to adopt the more penetrating subjectivism of their contemporaries. He argues that, as a result, they left their successors an incomplete and ambiguous metatheoretical legacy.

For historians of economic thought and for economic philosophers and methodologists the book provides a critical study of a fundamental theme of Austrian economics that is still the subject of controversy today.

The Foundations of Austrian Economics from Menger to Mises: A Critico-Historical Retrospective of Subjectivism

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Hardback by Allen Oakley

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This landmark book presents a critical study of the Austrian subjectivism of Menger and Mises and assesses their contribution in... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 13/11/1997
    ISBN13: 9781858983080, 978-1858983080
    ISBN10: 1858983088

    Number of Pages: 272

    Non Fiction , Business, Finance & Law

    Description

    This landmark book presents a critical study of the Austrian subjectivism of Menger and Mises and assesses their contribution in the light of contemporary philosophy of the human sciences.

    Allen Oakley lays emphasis on the subjectivism of Menger and Mises as the foundation of Austrian economics. By situating their work in the context of the philosophies of the human sciences evolving around them, he shows how these founders of the modern Austrian tradition failed to fully appreciate and to adopt the more penetrating subjectivism of their contemporaries. He argues that, as a result, they left their successors an incomplete and ambiguous metatheoretical legacy.

    For historians of economic thought and for economic philosophers and methodologists the book provides a critical study of a fundamental theme of Austrian economics that is still the subject of controversy today.

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