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From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France

Author

Listed:
  • Gilles Campagnolo

    (AMSE - Aix-Marseille Sciences Economiques - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique)

Abstract

The father of the "Austrian" Marginalist revolution and founder of the so-called "Austrian School of economics", Carl Menger, had a mixed reception during different periods of development of French economics. Somewhat welcomed in the early days, he was rather forgotten later on. Even his major works were not published in translation until recently. What is the reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides showing how later Austrians, such as Friedrich Hayek, found a limited audience. This comparative study of economic ideas in France must start with the reception of the views of the founder and the role and impact of adopting/adapting or rejecting his views by French scholars. What place did they find in French academia? From Carl Menger to a "Frenchified" Charles Menger, how was Austrian economic thought disseminated in France? This essay starts by recalling the Belle-Époque and an astonishing letter by Charles Rist for the Jubiläum of Menger, in which he deplored the lack of translation of the latter's works. The Austrian School in France is then discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of "liberal thinkers," as the Vienna Circle became known, also comparing issues in philosophy. The paper considers how Austrian theories of "pure science" were received in Paris from the Vienna of the 1900s, at a time of "Crossroads," to the present day, through the Postwar and Cold War, until a revival since the 1990s and a rethinking of economic ideas after 2008.

Suggested Citation

  • Gilles Campagnolo, 2018. "From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France," Post-Print hal-01992942, HAL.
  • Handle: RePEc:hal:journl:hal-01992942
    DOI: 10.3897/j.ruje.4.26001
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    Cited by:

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    2. 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.

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    Keywords

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    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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