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Methodenstreit
''Methodenstreit'' (German for "method dispute"), in intellectual history beyond German-language discourse, was an economics controversy commenced in the 1880s and persisting for more than a decade, between that field's Austrian School and the (German) Historical School. The debate concerned the place of general theory in social science and the use of history in explaining the dynamics of human action. It also touched on policy and political issues, including the roles of the individual and state. Nevertheless, methodological concerns were uppermost and some early members of the Austrian School also defended a form of welfare state, as prominently advocated by the Historical School. When the debate opened, Carl Menger developed the Austrian School's standpoint, and Gustav von Schmoller defended the approach of the Historical School. (In German-speaking countries, the original of this Germanism is not specific to the one controversy—which is likely to be specified as ''Methoden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian School is a heterodox school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result exclusively from the motivations and actions of individuals. Austrian school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian School originated in late-19th- and early-20th-century Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical School (based in Germany), in a dispute known as ''Methodenstreit'', or methodology struggle. Current-day economists working in this tradition are located in many different countries, but their work is still referred to as Austrian economics. Among the theoretical contributions of the early years of the Austrian School are the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carl Menger
Carl Menger von Wolfensgrün (; ; 28 February 1840 – 26 February 1921) 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. Biography Family and education Carl Menger von Wolfensgrün was born in the city of Neu-Sandez in Galicia, Austrian Empire, which is now Nowy Sącz in Poland. He was the son of a wealthy family of minor nobility; his father, Anton Menger, was a lawyer. His mother, Caroline Gerżabek, was the daughter of a wealthy Bohemian merchant. He had two brothers, Anton and Max, both prominent as lawyers. His son, Karl Menger, was a mathematician who taught for many years at Illinois Institute of Technolog ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gustav Von Schmoller
Gustav Friedrich (after 1908: von) Schmoller (; 24 June 1838 – 27 June 1917) was the leader of the "younger" German historical school of economics. He was a leading '' Sozialpolitiker'' (more derisively, '' Kathedersozialist'', "Socialist of the Chair"), and a founder and long-time chairman of the ''Verein für Socialpolitik'', the German Economic Association, which continues to exist. The appellation "Kathedersozialist" was given to Schmoller and other members of the Verein by their enemies. Schmoller disavowed the "socialist" label, instead tracing his thought to the heterodox liberalism represented by Jérôme-Adolphe Blanqui, Jean Charles Léonard de Sismondi, John Stuart Mill, Johann Heinrich von Thünen, Bruno Hildebrand, Thomas Edward Cliffe Leslie, Lorenz von Stein, and Émile de Laveleye and radicals such as Frederic Harrison and Edward Spencer Beesly. His goal was to reconcile the Prussian monarchy and bureaucracy "with the idea of the Liberal state and complemente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Historical School Of Economics
The historical school of economics was an approach to academic economics and to public administration that emerged in the 19th century in Germany, and held sway there until well into the 20th century. The professors involved compiled massive economic histories of Germany and Europe. Numerous Americans were their students. The school was opposed by theoretical economists. Prominent leaders included Gustav von Schmoller (1838–1917), and Max Weber (1864–1920) in Germany, and Joseph Schumpeter (1883–1950) in Austria and the United States. Tenets The historical school held that history was the key source of knowledge about human actions and economic matters, since economics was culture-specific, and hence not generalizable over space and time. The school rejected the universal validity of economic theorems. They saw economics as resulting from careful empirical and historical analysis instead of from logic and mathematics. The school also preferred reality, historical, politi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of German Expressions In English
The English language has incorporated various loanwords, terms, phrases, or quotations from the German language. A loanword is a word borrowed from a donor language and incorporated into a recipient language without translation. It is distinguished from a calque, or loan translation, where a meaning or idiom from another language is translated into existing words or roots of the host language. Some of the expressions are relatively common (e.g., ''hamburger''), but most are comparatively rare. In many cases, the loanword has assumed a meaning substantially different from its German forebear. English and German both are West Germanic languages, though their relationship has been obscured by the lexical influence of Old Norse and Norman French (as a consequence of the Norman conquest of England in 1066) on English as well as the High German consonant shift. In recent years, however, many English words have been borrowed directly from German. Typically, English spellings of German ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Werturteilsstreit
The value judgment controversy (German:''Werturteilsstreit'') is a ''Methodenstreit'', a quarrel in German sociology and economics, around the question whether the social sciences are a normative obligatory statement in politics and its measures applied in political actions, and whether their measures can be justified scientifically.Hans Albert: ''Ökonomische Ideologie und politische Theorie'', Göttingen 1972. p. 10. The quarrel took place in the years before World War I, between the members of the ''Verein für Socialpolitik''. Main opponents were Max Weber, Werner Sombart and Gustav Schmoller. The ''Zweite Werturteilsstreit'' is the debate between the supporter of the '' Kritische Theorie'' and the '' Kritischer Rationalismus'' during the 1960s — better known as ''Positivismusstreit''. References Further reading * Hans Albert and Ernst Topitsch (editor) – ''Werturteilsstreit'' –, Darmstadt 1971 * ''Äußerungen zur Werturteilsdiskussion im Ausschuß des Vereins f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philosophy Of Mathematics
The philosophy of mathematics is the branch of philosophy that studies the assumptions, foundations, and implications of mathematics. It aims to understand the nature and methods of mathematics, and find out the place of mathematics in people's lives. The logical and structural nature of mathematics itself makes this study both broad and unique among its philosophical counterparts. The philosophy of mathematics has two major themes: mathematical realism and mathematical anti-realism. History The origin of mathematics is subject to arguments and disagreements. Whether the birth of mathematics was a random happening or induced by necessity during the development of other subjects, like physics, is still a matter of prolific debates. Many thinkers have contributed their ideas concerning the nature of mathematics. Today, some philosophers of mathematics aim to give accounts of this form of inquiry and its products as they stand, while others emphasize a role for themselves that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Controversies
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ludwig Von Mises
Ludwig Heinrich Edler von Mises (; 29 September 1881 – 10 October 1973) was an Austrian School economist, historian, logician, and Sociology, sociologist. Mises wrote and lectured extensively on the societal contributions of classical liberalism. He is best known for his work on praxeology studies Bureaucracy (book), comparing communism and capitalism. He is considered one of the most influential economic and political thinkers of the 20th century. Mises emigrated from Austria to the United States in 1940. Since the mid-20th century, libertarian movements have been strongly influenced by Mises's writings. Mises' student Friedrich Hayek viewed Mises as one of the major figures in the revival of classical liberalism in the post-war era. Hayek's work "The Transmission of the Ideals of Freedom" (1951) pays high tribute to the influence of Mises in the 20th century libertarian movement. Mises's Private Seminar was a leading group of economists. Many of its alumni, including Friedri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Positivismusstreit
The positivism dispute (german: Positivismusstreit, links=no) was a political-philosophical dispute between the critical rationalists (Karl Popper, Hans Albert) and the Frankfurt School (Theodor Adorno, Jürgen Habermas) 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. Overview The debate began in 1961 in Tübingen, West Germany, at the Conference of the German Society of Sociology. The speakers at the conference were invited to discuss the differences between social and natural sciences and the status of values in the social sciences. In 1963, the debate was heated by Jürgen Habermas in the ''Festschrift für Adorno'' (writings in honour of Adorno). The debate became more intensely critica ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unreasonable Ineffectiveness Of Mathematics
The unreasonable ineffectiveness of mathematics is a phrase that alludes to the article by physicist Eugene Wigner, "The Unreasonable Effectiveness of Mathematics in the Natural Sciences". This phrase is meant to suggest that mathematical analysis has not proved as valuable in other fields as it has in physics. Life sciences I. M. Gelfand, a mathematician who worked in biomathematics and molecular biology, as well as many other fields in applied mathematics, is quoted as stating, :Eugene Wigner wrote a famous essay on the unreasonable effectiveness of mathematics in natural sciences. He meant physics, of course. There is only one thing which is more unreasonable than the unreasonable effectiveness of mathematics in physics, and this is the unreasonable ineffectiveness of mathematics in biology. An opposing view is given by Leonard Adleman, a theoretical computer scientist who pioneered the field of DNA computing. In Adleman's view, "Sciences reach a point where they become mathema ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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