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Social Needs, Social Goods, and Human Associations in the Second Edition of Carl Menger’s Principles

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  • Giandomenica Becchio

Abstract

This article deals with the contents of the second edition of Carl Menger’s Principles of Economics (1923), which was neither reprinted in German by Hayek in 1934 nor translated into English by Knight in 1950. My aim is to show that a new Mengerian economic agent can be found in the contents of chapter 1, where Menger dealt with social needs and social goods. I consider this specific contribution of Menger a natural development of his methodological research on the nature of institutions. Finally, I contextualize the story of the missed reprint and translation in the debate about the meaning of economics involving Hayek and Robbins at the LSE and Knight in Chicago.

Suggested Citation

  • Giandomenica Becchio, 2014. "Social Needs, Social Goods, and Human Associations in the Second Edition of Carl Menger’s Principles," History of Political Economy, Duke University Press, vol. 46(2), pages 247-264, Summer.
    • Handle: RePEc:hop:hopeec:v:46:y:2014:i:2:p:247-264
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    Cited by:

    1. Sandra J. Peart & David M. Levy, 2023. "Menger and Jevons: beliefs and things," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 271-287, June.
    2. 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.
    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. Kavaliou, A., 2020. "On the evaluation of Menger's theoretical evolution, or a story on "four Mengers"," Journal of the New Economic Association, New Economic Association, vol. 45(1), pages 44-63.

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