Carl Menger’s Smithian contributions to German political economy
نویسندگان
چکیده
Abstract In this paper we contextualize Carl Menger’s work in relation to the transformations of German political economy from 1860s 1890s. We demonstrate that his Grundsätze (1871) was a culmination subjectivist tradition which had started early nineteenth century. synthesis is comparable Adam Smith’s earlier knowledge Wealth Nations (1776). contribution continuous with intellectual project leading economists, such as Wilhelm Roscher, whom Menger dedicated book. however, also promoted historical turn, combined progressive policy agenda by new generation economists after they founded Verein für Socialpolitik 1872. These divergent Roscherian legacies clashed vehemently Methodenstreit. During debate elaborated Untersuchungen (1883) an evolutionary and spontaneous theory institutional change, line legacy Scottish Enlightenment contrast more rationalist constructivist change expounded Gustav Schmoller other economists. The policy-oriented direction carried day, due fundamental socio-economic Austro-Hungarian Empires, prompted restate 1891 social classical most prominently Smith. recurrent proximities Smithian – synthetic 1871, theoretical innovation 1883, suggest arguments are best understood defense what Boettke has called “mainline” economics.
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ژورنال
عنوان ژورنال: The Review of Austrian Economics
سال: 2022
ISSN: ['0889-3047', '1573-7128']
DOI: https://doi.org/10.1007/s11138-022-00602-y