Early Economic Sociology and Contextual Economics: The Weber-Wieser Connection
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Early Economic Sociology and Contextual Economics: The Weber-Wieser Connection
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 138(2018), Iss. 1 : pp. 1–30 | First published online: September 10, 2019
6 Citations (CrossRef)
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Stefan Kolev, Faculty of Business and Economics, University of Applied Sciences Zwickau, Dr.-Friedrichs-Ring 2A, 08056 Zwickau, Germany.
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Abstract
This paper addresses the parallel emergence of economic sociology within the Younger Historical School and the Austrian School. It reconstructs biographically the relationship of two key economic sociologists: Max Weber (1864–1920) and Friedrich von Wieser (1851–1926). Reconstructing Weber’s interactions with the Austrian economists and the joint pursuit of the research program “Social Economics” is illuminating for Weber’s attitude to economics and helps to correct clichés about the irreconcilability between the schools. For contextual economics, understanding the “outsourcing” of contextualism into sociology initiated in the age of Weber and Wieser can be decisive for the future “re-import” into economics.