ABSTRACT
This book argues, against the dominant orthodoxy in the history of economic thought, for the originality of Carl Menger's contribution to the development of the Austrian school of economics. Situating the evolution of Menger's thought in the tradition of classical political economy, the author documents the emergence of a Mengerian logic and its contribution to the formation of a distinctly Austrian tradition of economics.
In its bold elucidation of the shaping of a tradition in economic thought, Tradition and Innovation in Austrian Economics provides a fresh and challenging perspective on the Austrian school which will be of interest to researchers in Austrian economics and the history of economic thought.
TABLE OF CONTENTS
chapter |7 pages
Introduction
part I|28 pages
The originality and foundations of Menger's logic
chapter 1|9 pages
A particular interpretation of Menger
chapter 2|17 pages
Confrontation with an a posteriori definition of marginalism
part II|39 pages
The progressive neglect of Menger's originality
chapter 3|12 pages
Böhm-Bawerk's ‘greatest error’
chapter 4|17 pages
From imputation to the proof of existence of general equilibrium
chapter 5|8 pages
The ‘Austrian’ theory of cycles
part III|53 pages
Menger's legacy
part IV|30 pages
Which way forward?