Wieser as a theorist of institutional change
In this contribution, we provide an interpretation of Friedrich von Wieser’s contribution to economics, which pays tribute to the originality of his work, and particularly his view of how institutions interfere with individual behavior. This interaction takes place within a disequilibrium framework where social influences such as power or social class, and psychological factors such as force of habit or herd behavior, are the product of human action but also constitute constraints on further action. The section 1 stresses the institutionalist background of Wieser’s economics. We concentrate on Wieser’s general method – which we assimilate to an example of Joseph Agassi’s (1975) institutional individualism – and his analysis of the emergence and evolution of institutions via the dynamics of leaders and masses. In the section 2, we reinforce and illustrate the ‘institutionalist’ stamp of Wieser’s economics by focusing on his work on monetary economics (Wieser 1904, 1909a, 1909b, 1927b) and his analysis of the emergence of money, based on our reading of Wieser’s Social Economics (Wieser [1927a] 1967) and The Law of Power (Wieser  1983).
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||17 Oct 2015|
|Note:||View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-01216839|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert Ekelund & Mark Thornton, 1987.
"Wieser and the Austrian connection to social economics,"
Forum for Social Economics,
Springer;The Association for Social Economics, vol. 16(2), pages 1-12, September.
- Robert Ekelund & Mark Thornton, 1986. "Wieser and the Austrian connection to social economics," Forum for Social Economics, Springer;The Association for Social Economics, vol. 16(2), pages 1-12, September.
- Agnes Festre & Pierre Garrouste, 2008. "Rationality, behavior, institutional, and economic change in Schumpeter," Journal of Economic Methodology, Taylor & Francis Journals, vol. 15(4), pages 365-390.
- Agnès Festré & Pierre Garrouste, 2007. "Rationality, Behavior, Institutional and Economic Change in Schumpeter," ICER Working Papers 37-2007, ICER - International Centre for Economic Research.
- Agnès Festré & Pierre Garrouste, 2008. "Rationality, behavior, institutional and economic change in Schumpeter," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00274163, HAL.
- 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.
- Gilles Campagnolo & Christel Vivel, 2012. "Before Schumpeter: forerunners of the theory of the entrepreneur in 1900s German political economy -- Werner Sombart, Friedrich von Wieser," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 19(6), pages 908-943, December.
- Samuels, Warren J., 1983. "The Influence of Friedrich von Wieser on Joseph A. Schumpeter Presidential Address History of Economics Society May, 1982," Journal of the History of Economic Thought, Cambridge University Press, vol. 4(02), pages 5-19, December.
- Agnes Festre & Eric Nasica, 2009. "Schumpeter on money, banking and finance: an institutionalist perspective," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 16(2), pages 325-356.
- Eric Nasica & Agnès Festré, 2009. "Schumpeter on money, banking and finance: an institutionalist perspective," Post-Print halshs-00720753, HAL.
- Agnès Festré & Eric Nasica, 2009. "Schumpeter on money, banking and finance: An institutionalist perspective," Post-Print halshs-00272405, HAL.
- Samuels, Warren & Blitch, Charles P., 1979. "Research Queries," Journal of the History of Economic Thought, Cambridge University Press, vol. 1(02), pages 25-27, June.
- Arrigo Opocher, 2005. "FORMALIZING WIESER's THEORY OF DISTRIBUTION: CONSISTENT IMPUTATION IN ALTERNATIVE THEORETICAL PERSPECTIVES," Metroeconomica, Wiley Blackwell, vol. 56(2), pages 200-220, 05.
- F. H. Knight, 1925. "A Note on Professor Clark's Illustration of Marginal Productivity," Journal of Political Economy, University of Chicago Press, vol. 33, pages 550-550. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-01216839. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD)
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.