Austrian Economics in Transition

From Carl Menger to Friedrich Hayek

This book analyzes both the consistent and changing elements in the Austrian School of Economics since its foundation in the late 19th Century up to the offspring's of this School at the end of World War II. It investigates the dynamic metamorphosis of the school, mainly with reference to its contact with representatives of history of economic thought.

By outlining the various phases of transition, the contributors to this volume provide new perspectives and fruitful contributions of the Austrian School to the evolution of economics from an international perspective. The book investigates and celebrates the work of leading economists, from Carl Menger to Friedrich Hayek.

This book is essential reading for all interested in the history of economic thought, as well as in the methodology of economics.

Content:

PART I: CARL MENGER: TOWARDS A NEW IMAGE OF THE FOUNDER

• Carl Menger's Liberalism Revisited; Y.Ikeda

• Carl Menger after 1871: His Quest for the Reality of 'Economic Man'; K.Yagi

PART II: LIBERAL ASPECTS OF THE HISTORICAL SCHOOL: MAX WEBER AND LUJO BRENTANO

• Discoursing Freedom: Weber's Project; J.Kobayashi

• Max Weber and the 'New Economics"; K.Tribe

• The Historical School and the Making of Economic Science in Japan; T.Nishizawa

PART III: SOME METHODOLOGICAL PROBLEMS

• The Transition from Menger to Wieser; R.Arena

• From Menger to Polanyi: Toward a Substantive Economic Theory; M.Cangiani

• A Note on Carl Menger's Problem Situation; K.Milford

PART IV: DISSEMINATION OF THE AUSTRIAN SCHOOL OF ECONOMICS

• The Austrian School in the Interwar Period; H.Hagemann

• Involvement of Austrian émigré Economists in American; C.Nakayama

PART V: TRANSITION OF THE AUSTRIAN SCHOOL

• On Menger, Hayek and on the Concept of 'Verstehen'; K.Leube

• Theory of Knowledge and the Idea of Evolution; S.Egashira

• The Transformation of Hayek in the 1930s; M.Nishibe

• Methodenstreit and Thereafter; T.Hashimoto

Source: Palgrave Macmillan