WithMax Alter
Pages 11

Any investigation of the origins of the Austrian school of economics is, of course, not complete without an analysis of the theoretical and methodological work of the other two economists of the first generation, Friedrich von Wieser and Eugen von Böhm-Bawerk. Such a task, however, would require a detailed discussion of the foundations of Wieser's and Böhm-Bawerk's methodologies, as they formulated them explicitly in their writings on method and implicitly in their theoretical work and of their theories of value, prices, distribution and capital. Such an analysis would require as much detailed exposition as has been afforded to Menger's theory and methodology and is clearly beyond the scope of this study. However, to round off my discussion of the origins of Austrian economics and to indicate which direction a full exposition of the history of the Austrian school would have to take, I briefly outline in this Epilogue where the major breaks occurred within the first generation which eventually were to bring together the Austrian and Walrasian strands of neo-classical economics.