Menger's Consumption Theory in the Light of Practical Thought

Patrick Mardellat ()

Cahiers d’économie politique / Papers in Political Economy, 2009, issue 56, 63-89

Abstract: This article considers Menger's theory of consumption. It is about studying the depth of Menger's alleged Aristotelianism in the prism of practical thought, within which only Aristotle's economics takes all its meaning. It is shown that the mengerian theory of consumption is rooted in life conceived as need, thus channelling it into a problem of reproduction of the conditions of existence, which is characteristic of poietic reasoning. The study of the institutional context of consumption shows then that there also the practical dimension is missed. Hypothesis is made in conclusion that Menger's theory is part of a pragmatic frame.

JEL-codes: B11 B13 (search for similar items in EconPapers)
Date: 2009
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