ABSTRACT
In his economic writings prior to World War I, Otto Neurath laid out a critique of economic theorizing, faulting it for its weaknesses and inconsistencies in concept formation and use of essential terminology. From the two early papers that Neurath published on the subject of the theoretical foundations of political economy, one can glean the scope of Neurath's critique of what he saw as serious flaws in the emergent and largely preeminent marginalist and neoclassical economics of the early twentieth century. Neurath introduced principles he saw as essential to any coherent social science, but especially political economy. One of the most striking moments in Neurath's 1910 paper on the theory of the social sciences is his attack on the looseness and inconsistencies of concept formation in political economy. Jeremy Bentham is an intriguing figure in the history of economic thought.
