ABSTRACT
Hans Mayer ([1932] 1994:58) maintained that Wieser (and BöhmBawerk) ‘consistently stuck’ to genetic-causal theorizing, following the foundations established by Menger.1 Like Menger, Wieser began with processes of exchange and price formation for atomistic, isolated, bilateral arrangements; he then proceeded to account for competition and price formation in more complex structures by using what he called the method of ‘decreasing abstraction’ (Wieser [1914] 1927:178).2
