CARL MENGER AND THE INCOMPLETE REVOLUTION OF SUBJECTIVISM [1978]

I have to start by dispelling misunderstandings to which my title may give rise. In the first place, it is not suggested that Menger, if anybody, has to bear the blame for the incompleteness of the subjectivist movement, and there are few pioneers in the history of thought to whom it is given to witness the completion of what they have set in motion. Secondly, I have to confess that I know of no criterion that would permit us to decide whether a movement of thought has reached its ‘end’ and is thus ‘complete’. Subjectivism has in this century been extended from human preferences to expectations. In years to come it may be extended to the interpretation of so-called information. What, then, does its incompleteness at Menger’s time signify?