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Oskar Morgenstern als wirtschaftspolitischer Berater in den 1930er-Jahren


  • Hansjörg Klausinger

    () (Department of Economics, Vienna University of Economics & B.A.)


The point of departure of this study is that in the 1930s Oskar Morgenstern, well-known as the co-founder of game theory, was preoccupied by his activities in Austrian economic policy, possibly even more so than with his project to revolutionize economic theory. The main questions to be examined in this regard are, first, to what extent Morgenstern's advice did conform to the teachings of the Austrian school and, second, if he really exerted an influence on economic policy-making in Austria during this period. In order to answer this question the paper draws to a large part on unpublished sources from the Oskar Morgenstern Papers and uses them as a basis for determining Morgenstern's role in a few critical episodes of Austrian economic policy-making.

Suggested Citation

  • Hansjörg Klausinger, 2006. "Oskar Morgenstern als wirtschaftspolitischer Berater in den 1930er-Jahren," Department of Economics Working Papers wuwp098, Vienna University of Economics and Business, Department of Economics.
  • Handle: RePEc:wiw:wiwwuw:wuwp098 Note: PDF Document

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    References listed on IDEAS

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    Cited by:

    1. Heinz Handler, 2016. "Two centuries of currency policy in Austria," Monetary Policy & the Economy, Oesterreichische Nationalbank (Austrian Central Bank), issue 3, pages 61-76.

    More about this item

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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