Carl Menger von Wolfensgrün was an Austrian economist and the founder of the Austrian school of economics. Menger contributed to the development of the theories of marginalism and marginal utility, which rejected cost-of-production theory of value, such as developed by the classical economists such as Adam Smith and David Ricardo. As a departure from such, he would go on to call his resultant perspective, the subjective theory of value.
The economic calculation problem (ECP) is a criticism of using central economic planning as a substitute for market-based allocation of the factors of production. It was first proposed by Ludwig von Mises in his 1920 article "Economic Calculation in the Socialist Commonwealth" and later expanded upon by Friedrich Hayek.
Friedrich August von Hayek, often referred to by his initials F. A. Hayek, was an Austrian-British academic who contributed to economics, political philosophy, psychology, and intellectual history. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize.
Scientism is the belief that science and the scientific method are the best or only way to render truth about the world and reality.
The Frankfurt School is a school of thought in sociology and critical philosophy. It is associated with the Institute for Social Research founded at Goethe University Frankfurt in 1923. Formed during the Weimar Republic during the European interwar period, the first generation of the Frankfurt School was composed of intellectuals, academics, and political dissidents dissatisfied with the socio-economic systems of the 1930s: namely, capitalism, fascism, and communism. Significant figures associated with the school include Max Horkheimer, Theodor Adorno, Walter Benjamin, Wilhelm Reich, Herbert Marcuse, and Jürgen Habermas.
Reinhard Bendix was a German-American sociologist.
The Road to Serfdom is a book by the Austrian-British economist and philosopher Friedrich Hayek. In the book, Hayek "[warns] of the danger of tyranny that inevitably results from government control of economic decision-making through central planning." He further argues that the abandonment of individualism and classical liberalism inevitably leads to a loss of freedom, the creation of an oppressive society, the tyranny of a dictator, and the serfdom of the individual. Hayek challenged the view, popular among British Marxists, that fascism was a capitalist reaction against socialism. He argued that fascism, Nazism, and state-socialism had common roots in central economic planning and empowering the state over the individual.
Chris Matthew Sciabarra is an American political theorist born and based in Brooklyn, New York. He is the author of three scholarly books—Marx, Hayek, and Utopia; Ayn Rand: The Russian Radical; and Total Freedom: Toward a Dialectical Libertarianism—as well as several shorter works. He is also the co-editor, with Mimi Reisel Gladstein, of Feminist Interpretations of Ayn Rand and co-editor with Roger E. Bissell and Edward W. Younkins of The Dialectics of Liberty: Exploring the Context of Human Freedom. His work has focused on topics including Objectivism, libertarianism, and dialectics.
Ludwig Heinrich Edler von Mises was an Austrian–American economist, logician, sociologist, and philosopher of economics of the Austrian school. Mises wrote and lectured extensively on the societal contributions of classical liberalism and the power of consumers. He is best known for his work in praxeology, particularly for studies comparing communism and capitalism, as well as for being a defender of classical liberalism in the face of rising illiberalism and authoritarianism throughout much of Europe during the 20th century.
The positivism dispute was a political-philosophical dispute between the critical rationalists and the Frankfurt School in 1961, about the methodology of the social sciences. It grew into a broad discussion within German sociology from 1961 to 1969. The naming itself is controversial, since it was the Frankfurt School proponents who accused the critical rationalists of being positivists—while the latter considered themselves to be opponents of positivism.
Criticism of Marxism has come from various political ideologies, campaigns and academic disciplines. This includes general intellectual criticism about dogmatism, a lack of internal consistency, criticism related to materialism, arguments that Marxism is a type of historical determinism or that it necessitates a suppression of individual rights, issues with the implementation of communism and economic issues such as the distortion or absence of price signals and reduced incentives. In addition, empirical and epistemological problems are frequently identified.
This is the chronological list of books by the Austrian school economist and philosopher Friedrich Hayek. The dates in brackets are the original year of publication of the book.
The Constitution of Liberty is a book written by Friedrich Hayek, first published in 1960 by the University of Chicago Press. Many scholars have considered The Constitution of Liberty as the most important work by Hayek.
Karel Kosík was a Czech Marxist philosopher. In his most famous philosophical work, Dialectics of the Concrete (1963), Kosík presents an original reinterpretation of the ideas of Karl Marx in light of Martin Heidegger's phenomenology. His later essays can be called a sharp critique of the modern society from a leftist but not strictly Marxist position.
Individualism and Economic Order is a book written by Friedrich Hayek. It is a collection of essays originally published in the 1930s and 1940s, discussing topics ranging from moral philosophy to the methods of the social sciences and economic theory to contrast free markets with planned economies. It contains several of his major contribution to the fields of economics, philosophy, and political science. Published in 1948, the book is widely considered a classic of libertarian thought. Hayek presents his vision of individualism as a cornerstone of economic and social theory.
The Poverty of Historicism is a 1944 book by the philosopher Karl Popper, in which the author argues that the idea of historicism is dangerous and bankrupt.
A Treatise on Money is a two-volume book by English economist John Maynard Keynes published in 1930.
Dialectical materialism is a materialist theory based upon the writings of Karl Marx and Friedrich Engels that has found widespread applications in a variety of philosophical disciplines ranging from philosophy of history to philosophy of science. As a materialist philosophy, Marxist dialectics emphasizes the importance of real-world conditions and the presence of functional contradictions within and among social relations, which derive from, but are not limited to, the contradictions that occur in social class, labour economics, and socioeconomic interactions. Within Marxism, a contradiction is a relationship in which two forces oppose each other, leading to mutual development.
Mathiness is a term coined by Nobel prize winner economist Paul Romer to label a specific misuse of mathematics in economic analyses. An author committed to the norms of science should use mathematical reasoning to clarify their analyses. By contrast, "mathiness" is not intended to clarify, but instead to mislead. According to Romer, some researchers use unrealistic assumptions and strained interpretations of their results in order to push an ideological agenda, and use a smokescreen of fancy mathematics to disguise their intentions.
Kingsley Widmer (1925–2009) was an American literary critic.
