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

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2010-02-01
  • Publisher: Routledge
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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.

Table of Contents

List of illustrationsp. xvi
The authorp. xvii
Acknowledgementsp. xix
Forewordp. xxi
General introductionp. 1
Opening the gates of Modernity in philosophical, economic and political German thoughtp. 15
Introductionp. 17
Philosophers put classical political economy on trialp. 24
Breaking away from the theologians' views on providencep. 27
Fichte and the criticism of 'liberal hazard'p. 31
Hegel and the criticism of Fichtean grounds for a closed statep. 42
Hegel and the basis of economic freedomp. 50
Sources of German political economy as a building block of national identityp. 56
Conceptual framework that British political economy met in Germanyp. 57
On Fichte again: his design of a national state for commercial activities from an economic standpoint fitting Germanyp. 60
On Hegel again: ambiguities in his understanding of the freedom of entrepreneursp. 70
'Nationalökonomie' List's definition of a national system of political economyp. 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 historyp. 107
The political economy of mankind and culture: Menschen- und Kultur- Volkswirtschaftslehrep. 117
Introductionp. 119
The national economics of Germanyp. 126
Historians and economists in early nineteenth-century Germany: towards a new matrix, its sources, methods, products and deadlocksp. 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 policiesp. 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 societyp. 163
Schmoller and Stein on 'social monarchy'p. 173
Historicism seen as outdated institutionalism, or for whom the bell tollsp. 178
Interpretations of Marxp. 186
Marx and the incomplete criticism of classical political economyp. 189
Marx on 'fair wages' (gerechter Lohn)p. 198
The role of capital and the course of timep. 203
Marx's scientific methodology and advocacy of the revolutionp. 209
Out of antiquity again and (re)reading Modernity: political economy reformulated by Carl Menger (1840-1921) based on new findings in the archivesp. 213
Introductionp. 215
Aristotle as the ancient philosophical source of Menger's thinkingp. 223
Ancient economics and Menger as a reader of Aristotle: preliminary warnings on a debated issuep. 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 Politicsp. 239
A few more issues emanating from Aristotelianism in Menger: realism and induction, theory and praxis, economics and chrematisticsp. 247
British political and economic thought as the modern philosophical source of Menger's ideasp. 254
Carl Menger and the British political philosophy traditionp. 257
Classicism under attack: Ricardian views condemned by Mengerp. 266
The classical school and its logic: Menger aboutp. 275
After classical thought: the heirs of Menger and the Anglo-Saxon worldp. 281
The origins of Austrian Marginalismp. 286
Menger and some 'predecessors' Hans von Mangoldt, Hermann Heinrich Gossenp. 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, Enkelschülerp. 311
General conclusionp. 319
Notesp. 327
Bibliographyp. 375
Index of namesp. 394
Index of subjectsp. 403
Table of Contents provided by Ingram. All Rights Reserved.

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