scholarly journals The Austrian school in Bulgaria: A history

2018 ◽  
Vol 4 (1) ◽  
pp. 44-64
Author(s):  
Nikolay Nenovsky ◽  
Pencho Penchev
Keyword(s):  
Economic Thought ◽  
Austrian Economics ◽  
Austrian School ◽  
Communist Regime ◽  
Intellectual Life ◽  
Hostile Environment ◽  
Collapse Of Communism ◽  
Evolution Of Ideas ◽  
Spontaneous Evolution ◽  
Made In

The main goal of this study is to highlight the acceptance, dissemination, interpretation, criticism and make some attempts at contributing to Austrian economics made in Bulgaria during the last 120 years. We consider some of the main characteristics of the Austrian school, such as subjectivism and marginalism, as basic components of the economic thought in Bulgaria and as incentives for the development of some original theoretical contributions. Even during the first few years of Communist regime (1944–1989), with its Marxist monopoly over intellectual life, the Austrian school had some impact on the economic thought in the country. Subsequent to the collapse of Communism, there was a sort of a Renaissance and rediscovery of this school. Another contribution of our study is that it illustrates the adaptability and spontaneous evolution of ideas in a different and sometimes hostile environment.

The Giangiacomo Feltrinelli Institute

1972 ◽  
Vol 2 ◽  
pp. 19-21
Author(s):  
Victoria de Grazia
Keyword(s):  
Working Class ◽  
Economic Thought ◽  
The Political ◽  
Postwar Period ◽  
Intellectual Life ◽  
Political Debate ◽  
Leading Role ◽  
Research Activities ◽  
The Social ◽  
Made In

The Feltrinelli Institute was founded in 1949 by the Milanese publisher Giangiacomo Feltrinelli – its aim “to promote the knowledge and study – carried out in accordance with strictly scientific criteria and complete ideological autonomy – of the history, the political and economic thought and the social ideas of the modern and contemporary eras; particular importance is to be given to Italy and to the economic phenomena, political doctrines and more historically important social movements of the country.” Feltrinelli's initiative, which began with the library and a rich collection of materials on French socialism, was an important first step toward filling the vacuum in documentation and research on the Italian working class and socialist movements left by two decades of Fascist government. In the following years, the library and research activities of the Institute played a leading role in the reconstruction of intellectual life and political debate in Italy. Its publications, especially Movimento Operaio (1947–1955) and the Annali (1958-) contained some of the most important contributions to the study of the Italian working class and peasantry, and socialist movements made in the postwar period.

The Giangiacomo Feltrinelli Institute

1972 ◽  
Vol 2 ◽  
pp. 19-21
Author(s):  
Victoria de Grazia
Keyword(s):  
Working Class ◽  
Economic Thought ◽  
The Political ◽  
Postwar Period ◽  
Intellectual Life ◽  
Political Debate ◽  
Leading Role ◽  
Research Activities ◽  
The Social ◽  
Made In

The Feltrinelli Institute was founded in 1949 by the Milanese publisher Giangiacomo Feltrinelli – its aim “to promote the knowledge and study – carried out in accordance with strictly scientific criteria and complete ideological autonomy – of the history, the political and economic thought and the social ideas of the modern and contemporary eras; particular importance is to be given to Italy and to the economic phenomena, political doctrines and more historically important social movements of the country.” Feltrinelli's initiative, which began with the library and a rich collection of materials on French socialism, was an important first step toward filling the vacuum in documentation and research on the Italian working class and socialist movements left by two decades of Fascist government. In the following years, the library and research activities of the Institute played a leading role in the reconstruction of intellectual life and political debate in Italy. Its publications, especially Movimento Operaio (1947–1955) and the Annali (1958-) contained some of the most important contributions to the study of the Italian working class and peasantry, and socialist movements made in the postwar period.

scholarly journals From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France

2018 ◽  
Vol 4 (1) ◽  
pp. 8-30
Author(s):  
Gilles Campagnolo
Keyword(s):  
Political Economy ◽  
Cold War ◽  
Interwar Period ◽  
Austrian Economic ◽  
Vienna Circle ◽  
Economic Thought ◽  
Austrian Economics ◽  
Austrian School ◽  
Classical Political Economy ◽  
Carl Menger

The father of the “Austrian” Marginalist revolution and founder of the so-called “Austrian School of economics”, Carl Menger, had a mixed reception during different periods of development of French economics. Somewhat welcomed in the early days, he was rather forgotten later on. Even his major works were not published in translation until recently. What is the reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides showing how later Austrians, such as Friedrich Hayek, found a limited audience. This comparative study of economic ideas in France must start with the reception of the views of the founder and the role and impact of adopting/adapting or rejecting his views by French scholars. What place did they find in French academia? From Carl Menger to a “Frenchified” Charles Menger, how was Austrian economic thought disseminated in France? This essay starts by recalling the Belle-Époque and an astonishing letter by Charles Rist for the Jubiläum of Menger, in which he deplored the lack of translation of the latter’s works. The Austrian School in France is then discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The paper considers how Austrian theories of “pure science” were received in Paris from the Vienna of the 1900s, at a time of ”Crossroads,” to the present day, through the Postwar and Cold War, until a revival since the 1990s and a rethinking of economic ideas after 2008.

scholarly journals From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France

2018 ◽  
Vol 4 (1) ◽  
pp. 8-30
Author(s):  
Gilles Campagnolo
Keyword(s):  
Political Economy ◽  
Cold War ◽  
Interwar Period ◽  
Austrian Economic ◽  
Vienna Circle ◽  
Economic Thought ◽  
Austrian Economics ◽  
Austrian School ◽  
Classical Political Economy ◽  
Carl Menger

The father of the “Austrian” Marginalist revolution and founder of the so-called “Austrian School of economics”, Carl Menger, had a mixed reception during different periods of development of French economics. Somewhat welcomed in the early days, he was rather forgotten later on. Even his major works were not published in translation until recently. What is the reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides showing how later Austrians, such as Friedrich Hayek, found a limited audience. This comparative study of economic ideas in France must start with the reception of the views of the founder and the role and impact of adopting/adapting or rejecting his views by French scholars. What place did they find in French academia? From Carl Menger to a “Frenchified” Charles Menger, how was Austrian economic thought disseminated in France? This essay starts by recalling the Belle-Époque and an astonishing letter by Charles Rist for the Jubiläum of Menger, in which he deplored the lack of translation of the latter’s works. The Austrian School in France is then discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The paper considers how Austrian theories of “pure science” were received in Paris from the Vienna of the 1900s, at a time of ”Crossroads,” to the present day, through the Postwar and Cold War, until a revival since the 1990s and a rethinking of economic ideas after 2008.

scholarly journals The reception of Austrian economics in Italy

2018 ◽  
Vol 4 (1) ◽  
pp. 65-86 ◽  
Author(s):  
Antonio Magliulo
Keyword(s):  
Austrian Economics ◽  
Austrian School ◽  
Economic Culture

Nowadays the Austrian School enjoys high reputation in Italy: books by Mises, Hayek and other Austrian economists are constantly republished and reviewed with great interest, both inside and outside academic circles. The situation was very different decades ago, when just a few Italian economists devoted attention to the Austrian School. This work studies the reception of Austrian Economics in Italy, from the beginning to our days, so as to bring out, by way of comparison, relevant features of Italian economic culture. We will try to offer just an overview of the entire story, in an attempt to provide useful elements for a deeper analysis of further topics and periods.

The Austrians on Relative Inflation as a Cause of Crisis

2003 ◽  
Vol 25 (2) ◽  
pp. 221-237 ◽  
Author(s):  
Hansjörg Klausinger
Keyword(s):  
Interwar Period ◽  
Austrian Economics ◽  
Austrian School ◽  
Austrian School Of Economics ◽  
High Esteem ◽  
Loss Of Coherence ◽  
Main Center

The development of Austrian economics in the interwar period was marked by the contrast between its high esteem at the beginning of the 1930s and its dwindling influence throughout the remainder of the decade. A variety of reasons have been conjectured for this decline (and the eventual dissolution) of the Austrian school of economics (see Caldwell 1988, pp. 517–21). A rarely mentioned factor of a more sociological nature that may have contributed to or that at least indicated the school's decline was its loss of coherence during the late 1930s, when, as a consequence of the emigration of the most prominent members, Vienna lost its role as the Austrian school's main center of communication. Insofar as this lack of coherence led not just to diversity within a unifying framework but to crucial divergences among the school's leading members, this might help to explain why after 1945 the Austrians were no longer perceived as a distinct school—some parts of their thinking had been fused into the neoclassical mainstream and others had largely fallen into disregard.

Book Reviews

2015 ◽  
Vol 53 (1) ◽  
pp. 119-121
Keyword(s):  
Business Cycles ◽  
Austrian Economics ◽  
Austrian School ◽  
Market Process ◽  
Florida State University ◽  
State University ◽  
Economic Calculation ◽  
The Core

Roger W. Garrison of Auburn University reviews “Advanced Introduction to the Austrian School of Economics”, by Randall G. Holcombe. The Econlit abstract of this book begins: “Provides an introduction and summary of the core principles, ideas, and diversity of modern Austrian economics. Discusses the market process; decentralized knowledge—the role of firms and markets; economic calculation; money, banking, and business cycles; and the resurgence of the Austrian school. Holcombe is DeVoe Moore Professor of Economics at Florida State University.”

Complexity and Austrian Economics

2015 ◽  
pp. 593-611 ◽  
Author(s):  
J. Barkley Rosser
Keyword(s):  
Austrian Economics ◽  
Austrian School ◽  
Austrian School Of Economics ◽  
Economic Complexity ◽  
Recent Developments ◽  
Carl Menger ◽  
Over Time ◽  
Friedrich Hayek

There is a deep link between complexity economics and Austrian economics. Ideas of complexity were foundational in the work of Austrian economics from its generally recognized beginnings in the work of Carl Menger to the modern day, with Friedrich Hayek being probably the most important carrier of this theme in the school. Although interest in complexity economics among Austrians has waxed and waned over time, today such ideas are quite influential in the work of many Austrian economists. This chapter discusses the varieties of economic complexity and the connection with the Austrian school of economics from Menger to Hayek, as well as more recent developments of Austrian views on complexity.

scholarly journals Pensamiento económico en la t radición judía, con especial referencia a Moisés Ben Maimónides: la perspectiva austriaca

2017 ◽  
pp. 213-255
Author(s):  
Abie Grynspan Gurfinkiel
Keyword(s):  
Social Life ◽  
Oral Tradition ◽  
Jel Classification ◽  
Economic Thought ◽  
Austrian School ◽  
Jewish Tradition ◽  
Jewish Law ◽  
Capitalist System ◽  
Wide Range ◽  
Laissez Faire

Despite not having a formal treatise that encompasses economic thought, the Jewish tradition, through its legal and religious texts, tackles a wide range of economic subject matter. As early as Biblical times, Jewish law and Jewish moral doctrine began to govern economic activity and social life in ge-neral. Both of these continued to evolve until the 12th century when Moses ben Maimonides, interpreting and documenting the Jewish oral tradition laws (with Aristotelian influence as well as that of Ibn Bayya, among other philosophers), developed an individualistic, subjectivist, and rationalist moral philosophy ex-ploring topics such as the theory of subjective value, the paradox of value, hu-man action, the limits of reason, social cooperation, and division of labor. This article investigates, from an Austrian School perspective, the economic thought contained in the Jewish tradition and its possible impact on the emer-gence of the capitalist system and modern civilization. Additionally, it explores the influence that the Jewish tradition and Maimonides’ philosophy had on the doctrines of Saint Thomas Aquinas; doctrines which were taken and enriched by the Scholastics of Salamanca and are, according to some thinkers, the foun-dation of the Austrian School of Economics. Keywords: capitalism, scholasticism, Judaism, laissez-faire. JEL Classification: A13, B11, N01, Z12. Resumen: A pesar de no existir un tratado que englobe un pensamiento econó-mico, la tradición judía, a través de textos legales y religiosos, aborda temas económicos de naturaleza muy variada. Desde tiempos bíblicos se fueron for-mando el derecho judío y la doctrina moral judía, que regulaban la actividad económica y la vida social en general. Estos fueron evolucionando, y ya para el siglo XII, Moisés ben Maimónides, interpretando y documentando las leyes orales de la tradición judía, con influencia aristotélica y de Ibn Bayya, entre otros filósofos; había desarrollado una filosofía moral individualista, subjetivis-ta y racionalista; explorando temas como la teoría del valor subjetivo, la para-doja del valor, la acción humana, los límites de la razón, la cooperación social y división del trabajo. En el presente artículo se investiga, desde una perspectiva austriaca, el pensamiento económico que contiene la tradición judía, y su posible impacto en el surgimiento del sistema capitalista y la civilización moderna. Asimismo, se estudia la influencia que tuvo la tradición judía y la filosofía de Maimónides, en las doctrinas de Santo Tomás de Aquino; las cuales, tomadas y enriqueci-das por los escolásticos de Salamanca, son de acuerdo a algunos pensadores, el tronco de la Escuela Austriaca de Economía. Palabras clave: capitalismo, escolástica, judaísmo, laissez-faire. Clasificación JEL: A13, B11, N01, Z12.

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