Skip to main content
SpringerLink
Log in

Paths of the Weberian–Austrian Interconnection

  • Published:
The Review of Austrian Economics Aims and scope Submit manuscript

Abstract

This paper centers on the theoretical–methodological interconnections between Weber and the Austrian economists. First, the influence of classical Austrian economics, especially Menger and Böhm-Bawerk, on Weber is reexamined. Then we are concerned with the importance of Weber's ideas in neoclassical Austrian economics, including Schumpeter, Mises and Hayek. Also, Weber's legacy in modern economics is reconsidered. Since little research is done on these interconnections between Weber's sociology and Austrian economics, the paper thereby contributes toward spanning a gap in the present economic and sociological literature.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  • Augier, M. (1999) “Some Notes on Alfred Schutz and the Austrian School of Economics: Review of Alfred Schutz's Collected Papers.” The Review of Austrian Economics, 11: 145-162.

    Google Scholar 

  • Boettke, P., and Prychitko, D. (1994) “The Present Status of Austrian Economics: Some (Perhaps Biased) Institutional History behind Market Process Theory.” In Boettke, P., and Prychitko, D. (eds.) The Market Process: Essays in Contemporary Austrian Economics, pp. 1-16. Aldershot: Elgar.

    Google Scholar 

  • Boettke, P., Horwitz, S., and Prychitko, D. (1994) “Beyond Equilibrium Economics: Reflections on the Uniqueness of the Austrian Tradition.” In Boettke, P., and Prychitko, D. (eds.) The Market Process: Essays in Contemporary Austrian Economics, pp. 62-79. Aldershot: Elgar.

    Google Scholar 

  • Boettke, P., and Prychitko, D. (eds.) (1998) Market Process Theories. Cheltenham: Elgar.

    Google Scholar 

  • Boettke, P. (1989) “Evolution and Economics: Austrians as Institutionalists.” Research in the History of Economic Thought and Methodology, 6: 73-89.

    Google Scholar 

  • Boettke, P. (1994) “Hayek's Serfdom Revisited: Government Failure in the Argument Against Socialism.” New York University, C. V. Starr Center Economic Research Report: 94-18, pp. 37.

  • Boettke, P. (1997) “Where Did Economics Go Wrong? Modern Economics as a Flight from Reality.” Critical Review, 11: 11-64.

    Google Scholar 

  • Boettke, P. (1998) “Rational Choice and Human Agency in Economics and Sociology: Exploring the Weber-Austrian Connection.” In Boettke, P., and Prychitko, D. (eds.) Market Process Theories. Cheltenham: Elgar.

    Google Scholar 

  • Böhm-Bawerk, E. [1929 (1889)] Theorie positive du capital. Paris: Marcel Girard.

    Google Scholar 

  • Böhm-Bawerk, E. [1959 (1884)] Capital and Interest. South Holland: Libertarian Press.

    Google Scholar 

  • Boulding, K. (1970) Economics as a Science. New York: McGraw-Hill.

    Google Scholar 

  • Gallaway, L. (1997) “Some Austrian Perspectives on Unintended Consequences.” Review of Austrian Economics, 10: 91-100.

    Google Scholar 

  • Gordon, D. (1993) “Toward a Deconstruction of Utility and Welfare Economics: Review Essay.” Review of Austrian Economics, 6: 99-112.

    Google Scholar 

  • Hayek, F. (1948) Individualism and Economic Order. Chicago: The University of Chicago Press.

    Google Scholar 

  • Hayek, F. (1955) The Counter-Revolution of Science. New York: The Free Press of Glencoe.

    Google Scholar 

  • Hayek, F. (1991a) Economic Freedom. Oxford: Basil Blackwell.

    Google Scholar 

  • Hayek, F. (1991b) The Trend of Economic Thinking. Chicago: University of Chicago Press.

    Google Scholar 

  • Hayek, F. (1992) The Fortunes of Liberalism. Chicago: University of Chicago Press.

    Google Scholar 

  • Herbener, J. (1992) “The Role of Entrepreneurship in Desocialization.” Review of Austrian Economics, 6: 79-93.

    Google Scholar 

  • Holton, R., and Turner, B. (1989) Max Weber on Economy and Society. London: Routledge.

    Google Scholar 

  • Hughes, S. (1977) Consciousness and Society: The Reorientation of European Social Thought, 1890-1930. New York: Vintage Books.

    Google Scholar 

  • Kirzner, I. (1992) The Meaning of Market Process. London: Routledge.

    Google Scholar 

  • Kirzner, I. (1997) “Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach.” Journal of Economic Literature, 35: 60-85.

    Google Scholar 

  • Kirzner, I. (1999) “Creativity and/or Alertness: A Reconsideration of the Schumpeterian Entrepreneur.” The Review of Austrian Economics, 11: 5-17.

    Google Scholar 

  • Jevons, W. [1965 (1879)] The Theory of Political Economy. New York: A. M. Kelley.

    Google Scholar 

  • Koppl, R. (1994a) “'Invisible Hand' Explanations.” In Boettke, P. (ed.) The Elgar Companion to Austrian Economics, pp. 192-196. Aldershot: Elgar.

    Google Scholar 

  • Koppl, R. (1994b) “Ideal Type Methodology in Economics.” In Boettke, P. (ed.) The Elgar Companion to Austrian Economics, pp. 72-76. Aldershot: Elgar.

    Google Scholar 

  • Lachmann, L. (1971) The Legacy of Max Weber. Berkeley: Glendessary Press.

    Google Scholar 

  • Lachmann, L. (1992) “Socialism and the Market: A Theme of Economic Sociology Viewed from a Weberian Perspective.” South African Journal of Economics, 60: 24-43.

    Google Scholar 

  • Langlois, R. (1986a) “The New Institutional Economics: An Introductory Essay.” In Langlois, R. (ed.) Economics as a Process: Essays in the New Institutional Economics, pp. 1-25. Cambridge: Cambridge University Press.

    Google Scholar 

  • Langlois, R. (1986b) “Rationality, Institutions, and Explanation.” In Langlois, R. (ed.) Economics as a Process: Essays in the New Institutional Economics, pp. 225-255. Cambridge: Cambridge University Press.

    Google Scholar 

  • Langlois, R. (1990) “Bounded Rationality and Behavioralism: A Clarification and Critique.” Journal of Institutional and Theoretical Economics, 146: 691-695.

    Google Scholar 

  • Langlois, R. (1998) “Personal Capitalism as Charismatic Authority: The Organizational Economics of aWeberian Concept.” Industrial and Corporate Change, 7: 195-213.

    Google Scholar 

  • Langlois, R., and Csontos, L. (1993) “Optimization, Rule-Following, and the Methodology of Situational Analysis.” In Uskali, M., Gustafsson, B., and Knudsen, C. (eds.) Rationality, Institutions and Economic Methodology, pp. 113-132. London: Routledge.

    Google Scholar 

  • Lowe, A. (1965) On Economic Knowledge. Toward a Science of Political Economics. New York: Harper & Row.

    Google Scholar 

  • Machlup, F. (1978) Methodology of Economics and other Social Sciences. New York: Academic Press.

    Google Scholar 

  • Menger, K. [1963 (1883)] Problems of Economics and Sociology. Urbana: The University of Illinois Press.

    Google Scholar 

  • Menger, K. (1994) Lectures to Crown Prince Rudolf of Austria. London: Edward Elgar.

    Google Scholar 

  • Mill, J. S. [1968 (1874)]. Essays on Some Unsettled Questions of Political Economy. New York: Augustus Kelley.

    Google Scholar 

  • Mises, L. (1960) Epistemological Problems of Economics. Princeton: Van Nostrand Co.

    Google Scholar 

  • Mises, L. (1966) Human Action. A Treatise on Economics. Chicago: Henry Regnery Company.

    Google Scholar 

  • Mitchell, W. [1967 (1927)] “Foreword.” In Wieser, L. (ed.) Social Economics. New York: Augustus Kelley.

    Google Scholar 

  • Morgenstern, O. (1990) “Friedrich von Wieser, 1851-1926.” In Littlechield, S. (ed.) Austrian Economics. Aldershot: Elgar.

    Google Scholar 

  • Parsons, T. (1947) “Introduction to M. Weber,” The Theory of Social and Economic Organization, pp. 3-86. New York: The Free Press.

    Google Scholar 

  • Parsons, T. (1990) “Prolegomena for a Theory of Social Institutions.” American Sociological Review, 55: 319-333.

    Google Scholar 

  • Pietrykowski, B. (1996) “Alfred Schutz and the Economists.” History of Political Economy, 28: 219-244.

    Google Scholar 

  • Prendergast, C. (1986) “Alfred Schutz and the Austrian School of Economics.” American Journal of Sociology, 92: 1-26.

    Google Scholar 

  • Prychitko, D. (1993) “Formalism in Austrian-School Welfare Economics: Another Pretense of Knowledge?” Critical Review, 7: 567-592.

    Google Scholar 

  • Prychitko, D. (1994) “Praxeology.” In Boettke, P. (ed.) The Elgar Companion to Austrian Economics, pp. 77-83. Aldershot: Elgar.

    Google Scholar 

  • Prychitko, D. (ed.) (1995) Individuals, Institutions, Interpretations: Hermeneutics Applied to Economics. Aldershot: Avebury.

    Google Scholar 

  • Robbins, L. (1998) A History of Economic Thought. Princeton: Princeton University Press.

    Google Scholar 

  • Rosenstein-Rodan, P. [1994 (1927)] “Marginal Utility.” In Kirzner, I. (ed.) Classics in Austrian Economics, pp. 170-212. London: Pickering and Chatto.

    Google Scholar 

  • Samuels, W. (1990) “Four Strands of Social Economics: A Comparative Interpretation,” In Lutz, M. (ed.) Social Economics: Retrospect and Prospect, pp. 269-309. Boston: Kluwer Academic Publishers.

    Google Scholar 

  • Sanders, K. (1994) “A Note on Jean-Baptiste Say and Carl Menger Regarding Value.” Review of Austrian Economics, 7: 141-143.

    Google Scholar 

  • Seligman, B. (1962) Main Currents in Modern Economics: Economic Thought since 1870. New York: Free Press.

    Google Scholar 

  • Schweitzer, A. (1975) “Frank Knight's Social Economics.” History of Political Economy, 7: 279-92.

    Google Scholar 

  • Schumpeter, J. (1951) Essays on Economic Topics. Port Washington: Kennikat Press.

    Google Scholar 

  • Schumpeter, J. (1954) History of Economic Analysis. New York: Oxford University Press.

    Google Scholar 

  • Schumpeter, J. (1965) Social Classes. Imperialism. Cleveland: Meridian Books.

    Google Scholar 

  • Schumpeter, J. (1966) Ten Great Economists: From Marx to Keynes. London: Allen and Unwin.

    Google Scholar 

  • Schumpeter, J. (1991) The Economics and Sociology of Capitalism. Princeton: Princeton University Press.

    Google Scholar 

  • Schutz, A. (1967) The Phenomenology of the Social World. New York: Northwestern University Press.

    Google Scholar 

  • Stigler, G. (1965) Essays in the History of Economics. Chicago: University of Chicago Press.

    Google Scholar 

  • Swedberg, R. (1991) Schumpeter: A Biography. Princeton: Princeton University Press.

    Google Scholar 

  • Swedberg, R. (1998) Max Weber and the Idea of Economic Sociology. Princeton: Princeton University Press.

    Google Scholar 

  • Vanberg, V. (1994) Rules and Choice in Economics. London: Routledge.

    Google Scholar 

  • Vaughn, K. (1999) “Hayek's Implicit Economics: Rules and the Problem of Order.” The Review of Austrian Economics, 11: 129-144.

    Google Scholar 

  • Veblen, T. (1909) “The Limitations of Marginal Utility.” Journal of Political Economy, 17: 620-636.

    Google Scholar 

  • Vedder, R. (1997) “Statistical Malfeasance and Interpreting Economic Phenomena.” The Review of Austrian Economics, 10: 77-89.

    Google Scholar 

  • Vihanto, M. (1999) “Social Contract and Introspection. A Proposal for an Austrian Welfare Economics.” The Review of Austrian Economics, 12: 5-24.

    Google Scholar 

  • Wagner, H. (1983) Alfred Schutz: An Intellectual Biography. Chicago: University of Chicago Press.

    Google Scholar 

  • Weber, M. [1949 (1905)] The Methodology of the Social Sciences. New York: The Free Press.

    Google Scholar 

  • Weber, M. [1968 (1921)] Economy and Society: An Outline of Interpretive Sociology. New York: Bedminster Press.

    Google Scholar 

  • Weber, M. [1975a (1908)] “Marginal Utility Theory and 'The Fundamental Law of Psychophysics'.” Social Science Quarterly, 56: 24-36.

    Google Scholar 

  • Weber, M. [1975b (1922)] Roscher and Knies: The Logical Problems of Historical Economics. New York: Free Press.

    Google Scholar 

  • Wicksteed, P. (1933) The Common Sense of Political Economy. London: Routledge and Kegan Paul.

    Google Scholar 

  • Wieser, F. [1967 (1914)] Social Economics. New York: Augustus Kelley.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Department of Sociology, University of North Texas, Denton, TX, 76203, USA

    Milan Zafirovski

Authors
  1. Milan Zafirovski
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Zafirovski, M. Paths of the Weberian–Austrian Interconnection. The Review of Austrian Economics 15, 35–59 (2002). https://doi.org/10.1023/A:1013254121247

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/A:1013254121247

Keywords

Search

Navigation