Austrian Economics in Transition: From Carl Menger to Friedrich Hayek

by H. Hagemann (Editor), T. Nishizawa (Editor), Y. Ikeda (Editor)

Overview

This book analyzes both the consistent and changing elements in the Austrian School of Economics since its foundation in the late 19th Century up to the recent offspring of this School. It investigates the dynamic metamorphosis of the school, mainly with reference to its contact with representatives of history of economic thought.

Product Details

ISBN-13:	9780230222267
Publisher:	Palgrave Macmillan UK
Publication date:	05/28/2010
Edition description:	2010
Pages:	339
Product dimensions:	5.70(w) x 8.60(h) x 0.90(d)

About the Author

HARALD HAGEMANN is at University of Hohenheim, Stuttgart, Germany.

TAMOTSU NISHIZAWA is at Hitotsubashi University, Tokyo, Japan.

YUKIHIRO IKEDA Keio is at University, Tokyo, Japan.

Table of Contents

List of Figures and Table vii

Introduction viii

List of Contributors xi

Part I Carl Menger: Towards a New Image of the Founder

1 Carl Menger's Liberalism Revisited Yukihiro Ikeda 3

2 Carl Menger after 1871: Quest for the Reality of 'Economic Man' Kiichiro Yagi 21

Part II Liberal Aspects of the Historical School: Max Weber

3 Discoursing Freedom: Weber's Project Jun Kobayashi 41

4 Max Weber and the 'New Economics' Keith Tribe 62

5 The German Historical School, Schumpeter and Ichiro Nakayama: Economic Theory and Economic Sociology Tamotsu Nishizawa 89

Part III Some Methodological Problems

6 Friedrich von Wieser on Institutions and Social Economics Richard Arena 109

7 From Menger to Polanyi: The Institutional Way Michele Cangiani 138

8 A Note on Merger's Problem Situation and Non-essentialist Approach to Economics Karl Milford 154

Part IV Dissemination of the Austrian School of Economics

9 The Austrian School in the Interwar Period Harald Hagemann 179

10 Ludwig von Mises's Business Cycle Theory: Static Tools for Dynamic Analysis Arash Molavi Vasséi 196

11 Hayek on Practical Business Cycle Research: A Note Hansjoerg Klausinger 218

12 Involvement of an Austrian Émigré Economist in America Chikako Nakayama 235

Part V Transition of the Austrian School

13 On Menger, Hayek and on the Concept of 'Verstehen' Kurt R. Leube 257

14 Hayek's Cognitive Psychology Susumu Egashira 276

15 Hayek's Transformation of Market-Images in the 1930-40s Makoto Nishibe 290

16 Carl Menger and the Later Austrian School of Economics: An Analysis of their Methodological Relationship Tsutomu Hashimoto 310

Name Index 329

Subject Index 335