Review of Austrian Economics, Volumes 1-10

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The Austrian Economists and the Late Habsburg Viennese Milieu

  • The Review of Austrian Economics
July 20, 2005

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This article will be divided into three sections. In the first, I shall seek to learn whether we find in the Austrian economists a further instance of the dominance in Vienna of Kantianism. The second section will deal with the Austrian theory of marginal utility in order to discover whether it is in fact connected more to subjectivist ethics (associated with Tolstoy and Kierkegaard in Wittgenstein's Vienna) or to independent developments in the science of economics. I shall attempt to deal in the third section with what we can learn from Austrian economists about the general Viennese milieu. In particular, I shall be concerned with the questions of whether Hapsburg society was indeed stagnating and decadent and whether there was in fact no opportunity for involvement in the world as an alternative to introverted subjectivism.

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References

 Review of Austrian Economics, 1988, 2, pp. 157-172.