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Early Economic Sociology and Contextual Economics: The Weber-Wieser Connection

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  • Stefan Kolev

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.

Suggested Citation

  • Stefan Kolev, 2018. "Early Economic Sociology and Contextual Economics: The Weber-Wieser Connection," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 138(1), pages 1-30.
    • Handle: RePEc:dah:aeqjce:v138_y2018_i1_q1_p1-30
    DOI: 10.3790/schm.138.1.1
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    References listed on IDEAS

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    1. Dalibor Roháč, 2009. "Why did the Austro-Hungarian Empire collapse? A public choice perspective," Constitutional Political Economy, Springer, vol. 20(2), pages 160-176, June.
    2. Harald Hagemann & Tamotsu Nishizawa & Yukihiro Ikeda (ed.), 2010. "Austrian Economics in Transition," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-28161-5, December.
    3. Kiichiro Yagi, 2005. "Karl Knies, Austrians, and Max Weber: a Heidelberg connection?," Journal of Economic Studies, Emerald Group Publishing, vol. 32(4), pages 314-330, September.
    4. Klaus H. Hennings & Heinz D. Kurz, 1997. "The Austrian Theory of Value and Capital," Books, Edward Elgar Publishing, number 839.
    5. Stefan Kolev, 2020. "The legacy of Max Weber and the early Austrians," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 33-54, March.
    6. Boettke, Peter & Coyne, Christopher (ed.), 2015. "The Oxford Handbook of Austrian Economics," OUP Catalogue, Oxford University Press, number 9780199811762.
    7. Köhler, Ekkehard & Kolev, Stefan, 2011. "The conjoint quest for a liberal positive program: "Old Chicago", Freiburg and Hayek," HWWI Research Papers 109, Hamburg Institute of International Economics (HWWI).
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    Cited by:

    1. Stefan Kolev & Erwin Dekker, 2023. "Carl Menger’s Smithian contributions to German political economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 247-269, June.
    2. Stefan Kolev, 2020. "The legacy of Max Weber and the early Austrians," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 33-54, March.

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    More about this item

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B13 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Neoclassical through 1925 (Austrian, Marshallian, Walrasian, Wicksellian)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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