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 recent offspring of this School. It investigates the dynamic metamorphosis of the schoo
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Austrian Economics in Transition From Carl Menger to Friedrich Hayek Edited by
Harald Hagemann Tamotsu Nishizawa and
Yukihiro Ikeda
Editorial and selection matter © Harald Hagemann, Tamotsu Nishizawa and Yukihiro Ikeda 2010 Individual chapters © Contributors 2010 Softcover reprint of the hardcover 1st edition 2010 978-0-230-22226-7 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6-10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2010 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries.
ISBN 978-1-349-30782-1 ISBN 978-0-230-28161-5 (eBook) DOI 10.1057/9780230281615 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Austrian economics in transition : from Carl Menger to Friedrich Hayek / edited by Harald Hagemann, Tamotsu Nishizawa, Yukihiro Ikeda. p. cm. 1. Austrian school of economics. I. Hagemann, Harald, 1947– II. Nishizawa, Tamotsu, 1950– III. Ikeda, Yukihiro, 1959– HB98.A973 2010 2010010803 330.15 7—dc22 10 9 8 7 6 5 4 3 2 1 19 18 17 16 15 14 13 12 11 10
Contents
List of Figures and Table
vii
Introduction
viii
List of Contributors
xii
Part I Carl Menger: Towards a New Image of the Founder 1 Carl Menger’s Liberalism Revisited Yukihiro Ikeda 2 Carl Menger after 1871: Quest for the Reality of ‘Economic Man’ Kiichiro Yagi
3
21
Part II Liberal Aspects of the Historical School: Max Weber 3 Discoursing Freedom: Weber’s Project Jun Kobayashi
41
4 Max Weber and the ‘New Economics’ Keith Tribe
62
5 The German Historical School, Schumpeter and Ichiro Nakayama: Economic Theory and Economic Sociology Tamotsu Nishizawa
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