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Menger vs. Smith? Carl Menger’s Reading of Adam Smith

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Campagnolo, G. Menger vs. Smith? Carl Menger’s Reading of Adam Smith. Journal of Contextual Economics – Schmollers Jahrbuch, 99999(), 1-17. https://doi.org/10.3790/schm.2024.380320
Campagnolo, Gilles "Menger vs. Smith? Carl Menger’s Reading of Adam Smith" Journal of Contextual Economics – Schmollers Jahrbuch 99999., 2024, 1-17. https://doi.org/10.3790/schm.2024.380320
Campagnolo, Gilles (2024): Menger vs. Smith? Carl Menger’s Reading of Adam Smith, in: Journal of Contextual Economics – Schmollers Jahrbuch, vol. 99999, iss. , 1-17, [online] https://doi.org/10.3790/schm.2024.380320
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Menger vs. Smith? Carl Menger’s Reading of Adam Smith

Campagnolo, Gilles

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. (2024), Online First : pp. 1–17

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Article Details

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Duncker & Humblot
DOI
https://doi.org/10.3790/schm.2024.380320
Language
Multiple languages
Pages
17
Keywords

Author Details

Gilles Campagnolo, Center for Contemporary Philosophy, Sorbonne Institute for Legal and Philosophical Studies (ISJPS), Maison de la Philosophie Martin Mersenne 13 rue du Four, office 506 75006 Paris, France

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Abstract

Based on some of Carl Menger’s publications, his estate and archives, this article examines how the Austrian School relates to the thought of Adam Smith. Was Menger an heir of Smith, as Gustav Schmoller, leader of the German Historical School and Menger’s arch-enemy, insinuated? Was there indeed a positive filiation, traceable in allusions to classical liberal views that the new marginalist Austrian economics would employ? And, generalizing from this: Are Austrians heirs to the British classical school? Some later members of the Austrian school, to begin with Friedrich Hayek, would indeed claim to be heirs to both Smith and Menger. Can one trace some genuinely Austrian ideas back to classical economics? Or are they incompatible? And to which extent did Menger oppose Smith? One result of the inquiry undertaken in this article is that while both should be labelled “liberals,” this qualifier does not apply to them in the same manner.

Table of Contents

Section Title Page Action Price
By Gilles Campagnolo: Menger vs. Smith? Carl Menger’s Reading of Adam Smith 1
1. Introduction 1
2. Adam Smith as an Ambivalent Role-Model for the Austrians: Is a School of Thought the Expression of Some Collective Intention? 2
3. Labelling Menger a Smithian was a Schmollerian Tactic 4
3.1 Schmoller vs. Menger 5
3.2 Erich Streissler’s Revisionist View 6
4. Back to the Sources: How Did Menger Read and Write about Smith? 7
4.1 Smith in Menger’s Book Collection 7
4.2 Menger on Smith’s “Propensity to Barter and Exchange” 7
5. Smith or Menger: Searching for the “Founder” of Economics 8
5.1 Menger and the “Thousand Vicissitudes” that “Exchange Is Heir to” 9
5.2 On Methodological Individualism and Labor 11
6. Menger: a Thinker in the True Tradition of Liberal Economics? 12
6.1 Menger and (some) Liberal Strands 12
6.2 Menger and Kant: Menger’s Pure Theoretical Economics 13
7. Conclusion 15
References 15

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