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Economics in Berlin, Vienna and Other Minor German Centers

In: Economic Theory in the Twentieth Century, An Intellectual History—Volume II

Author

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  • Roberto Marchionatti

    (University of Turin)

Abstract

This chapter deals with economics in Germany and Austria, in particular in the centers of Berlin and Vienna. Firstly, the chapter examines economics in Berlin, where the Historical School lost its dominant position, and mathematical economics was developed in neo-Ricardian perspective in Bortkiewicz’ circle and in the analysis of oligopolistic markets by Heinrich von Stakelberg, and systematic empirical research on business cycles was conducted. The development of some other minor German centers in Kiel and Freiburg is also analyzed. Then, economics in Vienna is considered: here the Austrian School survived in Ludwig von Mises’ seminar, but noteworthy work on economic theory was also carried out in the Wiener Kreis and above all in the Mathematische Kolloquium where Wald’s and von Neumann’s contributions were at the origin of neo-Walrasian theory. This rich economic debate was interrupted after 1933 when Nazis and Austro-Fascists seized power.

Suggested Citation

  • Roberto Marchionatti, 2021. "Economics in Berlin, Vienna and Other Minor German Centers," Springer Books, in: Economic Theory in the Twentieth Century, An Intellectual History—Volume II, chapter 0, pages 159-213, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-80987-4_4
    DOI: 10.1007/978-3-030-80987-4_4
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