Investigations into the Methods of the Social Sciences with Special Reference to Economics

Published by New York University Press, Washington Square, New York, 1985

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  • Softcover
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Seller: The BiblioFile, Rapid River, MI, U.S.A.The BiblioFile

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Softcover

Condition: Used - Fine

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1985 date at title page. Scarce near fine translation of this classic work. Light shelf wear. Pages near fine; no writing. Bind fine, square. Features a new introduction by Lawrence H. White. Carl Menger (1840-1921) was the founder of the Austrian School of economics. Foundational Austrian economist looks at "method". Menger's method emphasized the subjective theory of value, arguing that prices arise from individuals' subjective valuations; rather than production costs. His approach rejected historical or cost-based explanations, focusing instead on how marginal utility guides human choice and market exchange. From review: "Best of this volume could be considered: Menger's groundbreaking discussion of the "organic" origin of money, law, markets, and social institutions. Menger combines Burke's critique of "the spirit of innovation" with Karl von Savigny's historical insights into the origins of customary law. Menger insists that there are many facets of common law, custom, and inherited social institutions like money and markets that advance common welfare. These ideas heavily influenced F.A. Hayek's revival of spontaneous order theorizing in the mid 20th century. Menger's analysis of the organic origins of law and money carries lasting weight beyond the confines of now-forgotten 19th century disputes in the German speaking world. Menger's groundbreaking analysis of the emergence of money and law may draw inspiration from Burke and Savigny, but goes beyond in the uniqueness of his insights and analytical clarity. And, note that the best sections on law and money are less than half the book. The rest possibly can be safely ignored. Recommended are the three chapters of Book III (on organic development) and the lengthy Appendix VIII (on law). This should suffice for most and the rest is additionally useful for the specialized scholar. Printed in the United States of America. 237 pages. Insured post. Size: 8vo - over 7¾ - 9¾" Tall.…

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Bibliographic details

Title
Investigations into the Methods of the Social Sciences with Special Reference to Economics
Author
Menger, Carl; White, Lawrence H. (New Introduction); Schneider, Louis (Editor); Nock, Francis J. (Translation)
Publisher
New York University Press, Washington Square, New York
Publication year
1985
Condition
Fine
Binding
Soft Cover
Illustrator
Hames, Charles B. (Cover Design)
Edition
First Edition Thus.

The BiblioFile

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