Post Classical Political Economy
American Journal of Economics and Sociology, Vol. 61, No. 1, pp. 161-191, 2002
32 Pages Posted: 18 Jan 2010 Last revised: 20 Nov 2010
Date Written: 2002
This paper explores the relationship of Max Weber's "social economics" to the work of the Austrian School of Economics, and in particular the writings of Ludwig von Mises and F. A. Hayek. We argue that the Austrian school scholars complement and extend the work of Weber. The sophisticated form of methodological individualism found in Weber, Mises and Hayek overcomes the shortcomings of traditional economic and sociological analysis and could provide the analytical structure for a post-classical political economy.
JEL Classification: B31, B53
Suggested Citation: Suggested Citation