ABSTRACT

Otto Neurath's place in the history of economic thought remains somewhat elusive. He has served largely as a foil for his advocacy of in-kind calculation and economic planning. Neurath, a polymath in the central European tradition, is best known for his intellectual and organizational efforts spearheading the development of the Vienna Circle of the philosophers. It is worth situating Neurath within the world of economic theorizing and thought, noting that his involvement with the discipline of economics changed markedly over the course of his variegated career. He was actively engaged in writing about 'theoretical economics' in the years leading up to World War I, and was clearly conversant in the prevailing economic discourse of the period. As a longtime critic of capitalism, Neurath was steadfast in his opposition to limiting economics to price theory and the conventional treatment of markets.