IDEAS home Printed from https://ideas.repec.org/a/bpj/jeehcn/v12y2002i2n9.html
   My bibliography  Save this article

Professor Kirzner on Carl Menger: To What Extent Was Carl Menger Subjectivist?

Author

Listed:
  • Chamilall Neelkant S.

    (Université d’Aix-Marseille III)

  • Krecké Elisabeth

    (Université d’Aix-Marseille III)

Abstract

In an oft-quoted paper entitled "To What Extent Was the Austrian School Marginalist ?", Streissler challenged earlier interpretations of Menger's work that had accorded equal billing to Menger alongside Jevons and Walras as co-discoverer of the marginalist principle. In Streissler's words, Menger was exceptionally great because he created marginalism at the same time that he surpassed it: the essence of Menger's contribution to economic science was to be located in his subjectivist vision of the economy rather than in marginalism per se. Streissler's interpretation presaged Professor Kirzner's subsequent rendering of Menger's work, namely, that Menger's subjectivist vision of the system as whole forms the very core of his contribution. This paper argues that, while these modern subjectivist reinterpretations are more faithful to Menger's work than the earlier restrictive marginalist interpretations, they have nonetheless failed to identify Menger's 'vision.' It is submitted here that this vision is to be located in Menger's intention of constructing a theory of complex economic phenomena. Building upon Alfred Whitehead's "process philosophy", this paper provides a philosophically realist reconstruction of Menger's theory of complex phenomena before investigating its pervasiveness and significance in the economic sphere.Dans un article célèbre intitulé "To What Extent Was the Austrian School Marginalist ?", Streissler remit en cause les interprétations antérieures de l'oeuvre de Menger qui faisaient de ce dernier un des co-inventeurs du principe marginaliste au même titre que Jevons et Walras. Pour Streissler, Menger était exceptionnellement grand parce qu'il créa le marginalisme en même temps qu'il le surpassa : l'essence de la contribution de Menger à la science économique se trouvait dans sa vision subjectiviste de l'économie plus que dans le marginalisme en soi. L'article de Streissler annonçait l'interprétation que devait donner le Professeur Kirzner de la contribution de Menger, à savoir que sa vision subjectiviste du système dans son ensemble constituait le coeur même de sa contribution. Ces réinterprétations subjectivistes modernes de l'oeuvre de Menger sont certes plus fidèles à celle-ci que les interprétations étroites antérieures données sous l'angle marginaliste. Ces réinterprétations modernes n'ont pas pour autant identifié la vision qu'avait Menger de la sphère économique. L'article suggère que cette vision se situe dans la théorie des phénomènes complexes de l'économie que Menger se propose d'élaborer. En se fondant sur " la pensée du procès " d'Alfred Whitehead, l'article propose une reconstruction philosophico-réaliste de la théorie des phénomènes complexes de Menger avant d'illustrer sa pertinence et son importance dans la sphère économique.

Suggested Citation

  • Chamilall Neelkant S. & Krecké Elisabeth, 2002. "Professor Kirzner on Carl Menger: To What Extent Was Carl Menger Subjectivist?," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 12(2), pages 1-47, June.
  • Handle: RePEc:bpj:jeehcn:v:12:y:2002:i:2:n:9
    DOI: 10.2202/1145-6396.1064
    as

    Download full text from publisher

    File URL: https://doi.org/10.2202/1145-6396.1064
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.

    File URL: https://libkey.io/10.2202/1145-6396.1064?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Erich Streissler, 1972. "To What Extent Was the Austrian School Marginalist?," History of Political Economy, Duke University Press, vol. 4(2), pages 426-441, Fall.
    2. Israel M. Kirzner, 1989. "The Use of Labels in Doctrinal History: Comment on Baird," Cato Journal, Cato Journal, Cato Institute, vol. 9(1), pages 231-235, Spring/Su.
    3. Kauder, Emil, 1959. "Menger and his Library," Economic Review, Hitotsubashi University, vol. 10(1), pages 58-64, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vanberg, Viktor J., 2004. "Austrian Economics, Evolutionary Psychology and Methodological Dualism: Subjectivism Reconsidered," Freiburg Discussion Papers on Constitutional Economics 04/3, Walter Eucken Institut e.V..
    2. Crespo Ricardo F., 2003. "Three Arguments Against Menger's Suggested Aristotelianism," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 13(1), pages 1-24, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Chamilall Neelkant S., 2000. "La Genese Du Label Autricheen': La Pensee De Carl Menger," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 1-66, March.
    2. Festré, Agnès & Garrouste, Pierre, 2016. "Wieser As A Theorist Of Institutional Change," Journal of the History of Economic Thought, Cambridge University Press, vol. 38(4), pages 463-483, December.
    3. Jimena Hurtado & Maria Pia Paganelli, 2023. "Diamonds are not forever: Adam Smith and Carl Menger on value and relative status," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 289-310, June.
    4. Gilles Campagnolo & Sandye Gloria & Heinz Kurz & Richard Sturn, 2022. "On the modernity of Carl Menger: criss-cross views. Roundtable conversation," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 29(5), pages 967-992, September.
    5. Janek Wasserman, 2020. "Science lost, science found in the post WWII Austrian economics movement: The case of Emil Kauder," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 107-120, March.
    6. Peter J. Boettke & Rosolino A. Candela, 2023. "Monitoring, metering and Menger: A conciliatory basis for a genuine institutional economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 183-203, June.
    7. de Dios, Emmanuel S., 1995. "Re-reading Menger's table," European Journal of Political Economy, Elsevier, vol. 11(2), pages 317-334, June.
    8. van 't Klooster, Jens & Assistant, JHET, 2020. "Marginalism and Scope in the Early Methodenstreit," OSF Preprints aq2bz, Center for Open Science.
    9. Sandye Gloria-Palermo, 2015. "Menger contre Walras," GREDEG Working Papers 2015-39, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    10. Theofanis Papageorgiou & Panayotis G. Michaelides, 2021. "Rationality and Business Cycle Theory in the Austrian Tradition: A Note on Methodology," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 49(4), pages 377-391, December.
    11. Eduard Braun, 2015. "Carl Menger’s Contribution to Capital Theory," History of Economic Ideas, Fabrizio Serra Editore, Pisa - Roma, vol. 23(1), pages 77-100.
    12. Andrés Álvarez & Vincent Bignon, 2013. "L. Walras and C. Menger: two ways on the path of modern monetary theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(1), pages 89-124, February.
    13. Pierre Garrouste, 2008. "The Emergence and Evolution of Institutions: The Complementary Approaches of Carl Menger and Thorstein Veblen," ICER Working Papers 17-2008, ICER - International Centre for Economic Research.
    14. Vanberg, Viktor J., 2004. "Austrian Economics, Evolutionary Psychology and Methodological Dualism: Subjectivism Reconsidered," Freiburg Discussion Papers on Constitutional Economics 04/3, Walter Eucken Institut e.V..
    15. Sandye Gloria, 2018. "Menger contre Walras," Post-Print hal-01797323, HAL.
    16. David A. Harper & Anthony M. Endres, 2023. "Menger’s precursors in the German subjective-value tradition and his advancements in the theory of wants and goods," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 217-245, June.
    17. Witt Ulrich, 1990. "Le Subjecttvisme En Sciences Economiques," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 1(2), pages 1-20, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jeehcn:v:12:y:2002:i:2:n:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.