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Rau, Hermann and Roscher: contributions of German economics around the middle of the nineteenth century

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  • Erich Streissler

Abstract

The main contributions to the now much neglected, though highly innovative proto-neoclassical tradition of German economics during the middle two quarters of the nineteenth century are surveyed. Particularly stressed are the creation of a subjective demand analysis with an 'objective', i.e. costorientated supply analysis with a rising long-run supply curve (foreshadowing Marshall); and furthermore the full development of marginal productivity analysis of factor remuneration, not only by Thuenen.

Suggested Citation

  • Erich Streissler, 2001. "Rau, Hermann and Roscher: contributions of German economics around the middle of the nineteenth century," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 8(3), pages 311-331.
    • Handle: RePEc:taf:eujhet:v:8:y:2001:i:3:p:311-331
    DOI: 10.1080/09672560110062951
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    References listed on IDEAS

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    1. Erich W. Streissler, 1994. "German predecessors of the Austrian school," Chapters, in: Peter J. Boettke (ed.), The Elgar Companion to Austrian Economics, chapter 71, Edward Elgar Publishing.
    2. George J. Stigler, 1972. "The Adoption of the Marginal Utility Theory," History of Political Economy, Duke University Press, vol. 4(2), pages 571-586, Fall.
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    Cited by:

    1. David A. Harper & Anthony M. Endres, 2023. "Menger’s precursors in the German subjective-value tradition and his advancements in the theory of wants and goods," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 217-245, June.

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