December, 2002

Post Classical Political Economy

  • Peter J. Boettke

    Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Virgil Storr

    Board Member, Mercatus Center
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This paper explores the relationship of Max Weber's "social economics" to the work of the Austrian School of Economics, and in particular the writings of Ludwig von Mises and F. A. Hayek. We argue that the Austrian school scholars complement and extend the work of Weber. The sophisticated form of methodological individualism found in Weber, Mises and Hayek overcomes the shortcomings of traditional economic and sociological analysis and could provide the analytical structure for a post-classical political economy.  

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Citation (Chicago Style)

Boettke, Peter J. and Storr, Virgil Henry, Post Classical Political Economy (2002). American Journal of Economics and Sociology, Vol. 61, No. 1, pp. 161-191, 2002.