Quarterly Journal of Austrian Economics

Review of Ethics as Social Science: the Moral Philosophy of Social Cooperation, by Leland B. Yeager

The Quarterly Journal of Austrian Economics


Volume 6, No. 1 (Spring 2003)


Ethics and economics need to learn from one another. But what is it, precisely, that needs to be learned?  Here Yeager’s  answer is more controversial; he defends what might be called Austro-utilitarianism (the term is mine, not his), i.e., a version of utilitarianism informed by the concerns of the Austrian School and squarely in the tradition of MisesHazlitt, and Hayek, with a particular emphasis on the conditions for successful social cooperation. Yeager’s book makes an impressive case for an attractive Austro-utilitarian version of consequentialist moral theory, and replies convincingly to a number of common objections to and misunderstandings of utilitarianism in general. Nevertheless, I am inclined to resist his conclusions.


Long, Roderick T. Review of Ethics as Social Science: the Moral Philosophy of Social Cooperation by Leland B. Yeager. The Quarterly Journal of Austrian Economics 6, No. 1 (Spring 2003): 89–98.

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute