First published in 1986, this book presents a reissue of the first detailed confrontation between the Austrian school of economics and Austrian philosophy, especially the philosophy of the Brentano school. It contains a study of the roots of Austrian economics in the liberal political theory of the nineteenth-century Hapsburg empire, and a study of the relations between the general theory of value underlying Austrian economics and the new economic approach to human behaviour propounded by Gary Becker and others in Chicago. In addition, it considers the connections between Austrian methodology and contemporary debates in the philosophy of the social sciences.
Table of Contents
1. Austrian Economics and Austrian Philosophy 2. The Second Austrian School of Value Theory 3. Intellectual Foundations of Austrian Liberalism 4. Markets and Morality: Austrian Perspectives on the Economic Approach to Human Behaviour 5. Brentano on Preference, Desire and Intrinsic Value 6. Emanuel Herrmann: On an Almost Forgotten Chapter of Austrian Intellectual History 7. The Austrian Connection: Hayek's Liberalism and the Thought of Carl Menger 8. Austrian Economics under Fire: The Hayek-Sraffa Duel in Retrospect