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The Genesis of the 'Austrian' Label: Carl Menger's Thought

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  • Chamilall Neelkant S.

    (Université d’Aix-Marseille III)

Abstract

Ce papier soutient que lindiscipline paradigmatique qui caractérise léconomie Autrichienne contemporaine pourrait être effacée si les économistes Autrichiens prenaient en considération lunité doctrinale de Carl Menger dans son essai de construire une théorie subjectiviste des institutions. Construite sur une ontologie et une épistémologie aristotélicienne assortie d une méthodologie subjectiviste, lanalyse mengerienne des institutions économiques est le point culminant de sa pensée. Ne cherchant ni léquilibration, ni la coordination, limage mengerienne de léconomie est celle de relations complexes qui émergent au travers de séquences infinies de processus déchange. Larticle conclut en suggérant que le progrès soit reconnu comme la norme par les économistes Autrichiens.This paper argues that the paradigmatic indiscipline that characterizes contemporary Austrian Economics can be smoothed out if Austrian economists appreciate the doctrinal unity of Carl Mengers attempt to construct a subjectivist theory of institutions. Building on an Aristotelian ontology and epistemology coupled with a subjectivist methodology, Mengers analysis of economic institutions is the culminating point of his thought. Neither equilibrating, nor coordinating, Mengers image of the economy is that of complex relationships emerging through unending sequences of exchange processes. The paper concludes by suggesting that progress be acknowledged as the norm by Austrian economists.

Suggested Citation

  • Chamilall Neelkant S., 2000. "The Genesis of the 'Austrian' Label: Carl Menger's Thought," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 10(1), pages 1-68, March.
  • Handle: RePEc:bpj:jeehcn:v:10:y:2000:i:1:n:3
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