Discoursing Freedom: Weber’s Project

Jun Kobayashi

Chapter 3 in Austrian Economics in Transition, 2010, pp 41-61 from Palgrave Macmillan

Abstract: Abstract The new Historical School of German economics was created to find a new style of research to solve the social question. Pioneers began to revise academic practices through social research, statistics, the investigation of legislation and administration, and a ‘Seminar -system (Grimmer-Solem, 2003: 43–67). The old Historical School, which criticized the universal validity of economic theories, had interests in real society, and these interests were received by their successors as useful legacy. In the ‘Methodenstreit’ Carl Menger stresses the significance of theory in the academic episteme concerning economic phenomena, and insists on improving the status of theory. To Schmoller, the Austrian School was nothing but a new trend within the narrow theoretical interest and had nothing to do with resolving the social question. Schmoller could not accept their pretension. The two schools began a battle to seize a majority of professorships in German speaking areas.

Keywords: Marginal Utility; Austrian School; Capital Accounting; Substantive Rationality; Economic Phenomenon (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28161-5_3

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DOI: 10.1057/9780230281615_3

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