Economics as a life-science: The enduring significance of Carl Menger’s individualist-evolutionary research program

Historians of economic thought commonly emphasize three aspects of Carl Menger’s work: his quarrel with the German Historical School, the contrast between his theoretical outlook and that of his co-marginalists, Léon Walras and William Stanley Jevons, and his role in pioneering an evolutionary econo...

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Bibliographic Details
Published in:The Review of Austrian economics 2023-06, Vol.36 (2), p.145-162
Main Author: Vanberg, Viktor J.
Format: Article
Language:English
Subjects:
Economics
Economics and Finance
Evolutionary economics
Historians
Historicity
History of Economic Thought/Methodology
Individualism
Life sciences
Physics
Political Science
Public Finance
Social sciences
Society
Statistical methods
Citations: Items that this one cites
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Summary:Historians of economic thought commonly emphasize three aspects of Carl Menger’s work: his quarrel with the German Historical School, the contrast between his theoretical outlook and that of his co-marginalists, Léon Walras and William Stanley Jevons, and his role in pioneering an evolutionary economics. The paper argues that these aspects of Menger’s work have their common root in his understanding of economics as – in modern language – a life science .
ISSN:0889-3047
1573-7128
DOI:10.1007/s11138-022-00604-w