Criticisms of Classical Political Economy: Menger, Austrian Economics and the German Historical School

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ISBN: 9780415423441 | 0415423449
Cover: Hardcover
Copyright: 2/1/2010

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The role of the German Historical School and of Carl Menger (founder of the Austrian School) is appraised in this new book. This important period of the history of economics is vital to understand how the discipline developed over the next half-century. Gilles Campagnolo has produced an impressive original work which makes use of rarely seen research by Carl Menger and as such this book will be of interest across several discplines, including history of economic thought, economic methodology, philosophy of science and the history of ideas.

List of illustrations	p. xvi
The author	p. xvii
Acknowledgements	p. xix
Foreword	p. xxi
General introduction	p. 1
Opening the gates of Modernity in philosophical, economic and political German thought	p. 15
Introduction	p. 17
Philosophers put classical political economy on trial	p. 24
Breaking away from the theologians' views on providence	p. 27
Fichte and the criticism of 'liberal hazard'	p. 31
Hegel and the criticism of Fichtean grounds for a closed state	p. 42
Hegel and the basis of economic freedom	p. 50
Sources of German political economy as a building block of national identity	p. 56
Conceptual framework that British political economy met in Germany	p. 57
On Fichte again: his design of a national state for commercial activities from an economic standpoint fitting Germany	p. 60
On Hegel again: ambiguities in his understanding of the freedom of entrepreneurs	p. 70
'Nationalökonomie' List's definition of a national system of political economy	p. 75
Nonetheless an ode to 'odious capitalism'?	p. 86
Goethe's foresight of the future of mankind through production (on Faust, A Tragedy, Part II, Acts IV and V)	p. 87
Sources of political economy in traditional German Cameralism (Kameralismus and Kameralwissenschaften)	p. 99
State and business in their respective roles: the point of view of historians on German economic history	p. 107
The political economy of mankind and culture: Menschen- und Kultur- Volkswirtschaftslehre	p. 117
Introduction	p. 119
The national economics of Germany	p. 126
Historians and economists in early nineteenth-century Germany: towards a new matrix, its sources, methods, products and deadlocks	p. 127
The 'Younger Historical School': a needed innovative methodology to escape the deadlocks of Historicism and a long-time inherited goal of influence over economic policies	p. 138
The economics of state administration or the governance of 'administered economics'	p. 155
The emergence of the notion of 'state of law'	p. 156
The need for a science of administration within the context of an industrial economy and of a civil society	p. 163
Schmoller and Stein on 'social monarchy'	p. 173
Historicism seen as outdated institutionalism, or for whom the bell tolls	p. 178
Interpretations of Marx	p. 186
Marx and the incomplete criticism of classical political economy	p. 189
Marx on 'fair wages' (gerechter Lohn)	p. 198
The role of capital and the course of time	p. 203
Marx's scientific methodology and advocacy of the revolution	p. 209
Out of antiquity again and (re)reading Modernity: political economy reformulated by Carl Menger (1840-1921) based on new findings in the archives	p. 213
Introduction	p. 215
Aristotle as the ancient philosophical source of Menger's thinking	p. 223
Ancient economics and Menger as a reader of Aristotle: preliminary warnings on a debated issue	p. 224
A source of Menger's theory of value in Books V, VIII and IX of the Nicomachean Ethics bearing on Justice and philia?	p. 227
Menger's 'methodological individualism' a paradoxical source of inspiration in his interpretation of Aristotle's Nicomachean Ethics and Politics	p. 239
A few more issues emanating from Aristotelianism in Menger: realism and induction, theory and praxis, economics and chrematistics	p. 247
British political and economic thought as the modern philosophical source of Menger's ideas	p. 254
Carl Menger and the British political philosophy tradition	p. 257
Classicism under attack: Ricardian views condemned by Menger	p. 266
The classical school and its logic: Menger about	p. 275
After classical thought: the heirs of Menger and the Anglo-Saxon world	p. 281
The origins of Austrian Marginalism	p. 286
Menger and some 'predecessors' Hans von Mangoldt, Hermann Heinrich Gossen	p. 287
Menger and some contemporaries: 'experimental psychologist' Wilhelm Wundt and 'co-founders of Marginalism'	p. 302
Menger and some later thinkers: Max Weber, Menger's son Karl Menger, disciples and followers, Enkelschüler	p. 311
General conclusion	p. 319
Notes	p. 327
Bibliography	p. 375
Index of names	p. 394
Index of subjects	p. 403
Table of Contents provided by Ingram. All Rights Reserved.

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Criticisms of Classical Political Economy: Menger, Austrian Economics and the German Historical School

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