The Austrian School of Economics
DOI link for The Austrian School of Economics
The Austrian School of Economics book
This chapter shows how to testify briefly the pervasiveness of Ernst Mach's influence in Vienna even before the 'Vienna circle' around Moritz Schlick. Things probably were similar even in the years immediately prior to the war. In this respect it is characteristic that Schumpeter was so obviously influenced by Mach's ideas when he wrote his first work in 1908 that Friedrich von Wieser devoted almost his entire book review to the question of the applicability of Mach's thinking to the social sciences. Lenin had attacked Mach's philosophy, and Friedrich Adler, then one of the most prominent political figures in Austria, had, as the author recall, written a book in Mach's defense while he was in prison for shooting to death Minister Stiirgkh. Otto Neurath, one of the founders of the later Vienna circle hoped to convert Mach's positivism, by a very rough approximation, into a physicalism or, as he called it at times, a scientism.