Menger and Contemporary Austrian Economics: Knowledge, Institutions and Liberalism

20 Pages Posted: 29 Jun 2022 Last revised: 4 Jul 2022

See all articles by Peter J. Boettke

Peter J. Boettke

George Mason University - Department of Economics; Mercatus Center at George Mason University

Date Written: June 29, 2022

Abstract

Carl Menger published his classic work Principles of Economics in 1871, that work is the founding text of what came known as the “Austrian School of Economics”. That label has now been used to describe a historical school of thought, as well as contemporary academic economists and public intellectuals in the policy space to this day 150 years later. This paper discuss Mengerian methodology for studying the human sciences, Mengerian process theory, the connection to Adam Smith's liberal plan for liberty, equality, and justice, and will discuss a vision of political economy influenced by the unfinished revolution of Menger and the Austrian School.

Keywords: Austrian Economics, Menger, Mises, Hayek

JEL Classification: B25, B53, B40

Suggested Citation

Boettke, Peter J. and Boettke, Peter J., Menger and Contemporary Austrian Economics: Knowledge, Institutions and Liberalism (June 29, 2022). GMU Working Paper in Economics No. 22-25, Available at SSRN: https://ssrn.com/abstract=4149752 or http://dx.doi.org/10.2139/ssrn.4149752

Peter J. Boettke (Contact Author)

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