Carl Menger and the birth of subjective methodology in the Economic Science

Carl Menger challenged the methodological foundations of the German Historical School of Economics in a debate that is known as Methodenstreit. The aim of this paper is to show how his methodological work brought about a radical shift in the understanding of the methodology of Economics. Additio...

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Bibliographic Details
Main Authors: Sanz Bas, David, Morillo Bentué, Juan, Solé Moro, María Luisa
Format: Article
Language:English
Published: 2020
Online Access:https://dialnet.unirioja.es/servlet/oaiart?codigo=7450123
Source:Anuario jurídico y económico escurialense, ISSN 1133-3677, Nº. 53, 2020, pags. 397-426
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Summary: Carl Menger challenged the methodological foundations of the German Historical School of Economics in a debate that is known as Methodenstreit. The aim of this paper is to show how his methodological work brought about a radical shift in the understanding of the methodology of Economics. Additionally, we aim to demonstrate how these contributions are the basis upon which Austrian School of Economics would be built. We will focus in particular on the connection between the contributions of Menger, with the economic theory of Ludwig von Mises who was the prime exponent of this school.