Sense of Community: A Fundamental Concept of Institutional Economics

Reinhard Pirker and Hermann Rauchenschwandtner

Journal of Institutional and Theoretical Economics (JITE), 1998, vol. 154, issue 2, 406-

Abstract: In this paper it is shown that the Historical School is based on a concept of sensus communis or Gemeinsinn (sense of community) rather than on a concept of an essentialist entity. Wilhelm Roscher in particular was dealing with the problem of how individual self-interest and conscience are turned by sensus communis into agreement. A revaluation of Roscher's efforts leads to a different judgement on Carl Menger's critique of the Historical School. It is argued that the collectivism-individualism scheme upon which Menger's critique is based is misleading.

JEL-codes: B15 (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (3)

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