On Rationality, Ideal Types and Economics: Alfred Schuutz and the Austrian School

Peter Kurrild-Klitgaard

The Review of Austrian Economics, 2001, vol. 14, issue 2-3, 119-43

Abstract: A comparison is made of the views on economic theory and method of the Austrian philosopher and sociologist Alfred Schutz (1899-1959) and those of his mentor, the Austrian economist Ludwig von Mises (1881-1973). Schutz basically agreed with the fundamental parts of the Austrian program, but he also had disagreements with Mises on the epistemological character of the core assumptions, on the formulation and status of the rationality principle, and on the use of ideal types in economic analysis. In several of these aspects Schutz had important points of value not only for the use of ideal types in economic modeling, but also within political science and sociology. In the end, however, there is more which unites than separates Schutz and Mises. Copyright 2001 by Kluwer Academic Publishers

Date: 2001
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