3,015 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.
Can sociology become an exact science without first reducing social life to biology? In this short English review of Waxweiler’s Esquisse d’une Sociologie, Schumpeter defends sociology’s independent field of inquiry while endorsing an approach that starts from individual action and reaction. His praise rests on concrete research possibilities: aggression, acquisition, friendship and cooperation offer material for careful description before sweeping laws become credible. Economics provides a revealing comparison, with value serving as an example of the foundational concept sociology still needs. The review shows Schumpeter weighing scientific ambition against premature system-building—and finding more promise in precise accounts of everyday conduct than in claims to a finished theory.
Inama-Sternegg's review of A. E. F. Schäffle's posthumous Abriss der Soziologie widens into a reckoning with sociology's claim to be a unified science. His verdict is admiring but severe: Schäffle's Bau und Leben des sozialen Körpers was rejected less for its social observations than for the biological and psychological analogies that framed them, and the later stripping-away of those analogies drained the very vitality that had made the work compelling. The essay separates a fruitful insight, that human life is genuinely social and its phenomena collective facts rather than sums of individuals, from the premature leap to an all-embracing system. Anthropology, ethnology, law, economics, statistics, geography, and psychology all bear on society, and no single mind can master them. Sociology may yet find its laws, but only through specialized research and repeatedly observed regularities, not through grand schemes built too soon.
Man verzeihe das harte Wort, aber die bisherige Entwicklung der „Soziologie“ als einheitlicher Wissenschaft berechtigt einigermaßen dazu.
English translation: “May the harsh word be forgiven, but the development of “sociology” as a unified science up to now to some extent justifies it.”
Explaining why rent exists does not establish why landlords should receive it. This distinction drives Joseph A. Schumpeter’s 1907 review of J. W. Schiele’s account of the natural origins of rent, interest, and wages. Schumpeter welcomes exact economic theory while insisting that deduction cannot certify the applicability of its own premises. His criticism is concrete: Schiele’s labor-value axiom remains unsupported, and the failure of his proposed formula for distribution leaves interest and wages without a defensible dividing line. The review offers a compact encounter with Schumpeter’s critical method—defending abstraction while demanding empirical verification, and separating the explanation of income categories from the justification of their allocation under existing property arrangements.
When John Bates Clark defended a "true capital" — a permanent fund persisting intact while its concrete goods are used up and replaced — he handed his critic a target too tempting to refuse. Across four tightly argued questions, Böhm-Bawerk answers that capital and capital goods are identical at every instant, so no second material entity remains to do the work Clark assigns to his abstraction. He presses the difference between noticing that a net return exists and explaining why, rejects Clark's attempt to confine distribution theory to present production, and denies that capital "synchronizes" labor and its fruits: today's coat was made by past shepherds and weavers, not by workers now beginning another. Throughout, he demands that capital theory keep heterogeneous goods, time-structured production, and honest imputation distinct from mere verbal continuity.
What the labor of the instant secures is not a present provision of completed commodities, but the continuance of provision at some time in the future.
One half of a Tyrolean farm passed through sixteen owners between 1600 and 1738—a striking complication of the image of settled peasant property. In this 1907 article, Hermann von Schullern zu Schrattenhofen explores the Verfachbücher, registers preserving legal documents, through the fortunes of a predominantly peasant lineage. Sales, remarriages, inheritances and long-lived debts reveal how holdings changed hands and wealth accumulated or dispersed. His distinctive concern is what such records permit historians to count—and what they do not. A sale price may conceal assumed debts; a child’s disappearance may indicate migration rather than death. The article offers both concrete evidence of rural mobility and a disciplined account of why family histories, however richly documented, cannot yet stand as population statistics.
Georg von Mayr's renewed defense of a separate moral statistics provokes this sharp rebuttal on the boundaries of a science. Inama-Sternegg does not deny that suicide, divorce, illegitimacy, or prostitution can be studied statistically; he denies that moral categories may organize the discipline itself, forcing heterogeneous facts into a scheme fixed by prior valuation. Notions of the normal and the typical, he argues, obscure the structure of social masses, and the inner motives behind a crime or a suicide cannot be reconstructed as reliable mass data. In place of a moral-statistical chapter he proposes a social statistics of fundamental institutions — marriage and family above all — so that divorce or adultery keeps the legal and confessional context that alone makes its meaning intelligible.
Zunächst sind Symptome nur Hypothesen, nicht Tatsachen.
English translation: “To begin with, symptoms are only hypotheses, not facts.”
A single word—Bedürfnis—had, on Cuhel's diagnosis, thrown the foundations of value theory into confusion, bundling together at least eight distinct concepts under one popular name. Written on the borderland of economics and psychology, this 1907 treatise pries them apart, distinguishing welfare-, use-, and disposal-needs and making the 'use-desire' the first fundamental concept of economic science. Cuhel rejects the hedonism of Bentham and Gossen, argues that the desire-intensity he calls Egenz can be compared but never truly measured—anticipating the later turn to ordinal utility—and reworks Gossen's law of diminishing enjoyment into precise statements about marginal use-egenz. Along the way he criticizes Böhm-Bawerk, Wieser, Menger, and Sax, and treats the discounting of future needs not as a direct effect of time but as a matter of practical probability.
Diesen Vorgang kann man somit nicht Messen nennen; für ihn dürfte die Benennung Skalieren eher passen.
English translation: “This procedure, then, cannot be called measuring; the term scaling would be more appropriate for it.”
Paying rent with a share of the harvest could mean precarious annual dependence—or inheritable rights in vines, trees, and improvements. Hermann von Schullern zu Schrattenhofen makes this disparity central to his report on Kolonat in Görz and Gradisca, Istria, Dalmatia, and Tirol, drawing on a ministry-commissioned journey in spring 1908. Rather than treating share-tenancy as a single institution, he examines how contracts distribute security, costs, and incentives to cultivate. Phylloxera could end agreements tied to the lifetime of vines; landlords’ claims to particular crops could obstruct diversification. His comparisons support locally differentiated reforms rather than uniform abolition. Interviews, contracts, and official responses allow readers to explore the concrete arrangements behind apparently identical tenancy labels—and why ownership alone need not settle questions of agricultural productivity.
A state that had suppressed workers’ associations now proposed to guarantee their representation inside the workplace. Eugen Peter Schwiedland examines this contradiction in his 1908 essay on compulsory workers’ committees in Austria. His account of Emil Steinbach’s proposals shows how institutions intended to foster loyalty to employers could also give workers a recognized voice in disciplinary grievances, welfare administration, and workplace rules. Defending statutory representation against reliance on employers’ goodwill, Schwiedland nevertheless takes seriously the danger of managerial control and workers’ historically grounded distrust. The essay offers a concrete way to distinguish representation from paternalism: compulsory establishment matters only if committees have substantive functions. Its legislative controversies expose why both employers and organized workers could resist the same institution for opposing reasons.
How could equilibrium justify both state intervention and economic freedom? In this 1908 study, Karl Pribram locates a shared mechanical conception beneath the apparent opposition between mercantilism and liberal economics. What changed, he argues, was chiefly the unit of analysis: national stocks of money and goods gave way to individual exchanges, prices, and competing interests. Connecting economic reasoning with natural science, natural law, and commercial rivalry, Pribram asks how balance became an expectation before it was established by observation. His treatment of Adam Smith brings the stakes into focus: spontaneous harmony depends on assumptions about mobility, economic similarity, and bargaining power. Readers can discover how a seemingly neutral analytical idea carries different political prescriptions—and how much those prescriptions leave assumed.
A building project can have many independent contractors yet remain under concentrated financial control. In this 1908 article, Emil Lederer examines that tension in Austrian construction, especially Vienna’s speculative housebuilding, with Germany as a comparison. His revealing example is the landowner who sells to a developer without capital while retaining a senior mortgage: those supplying labour and materials create value but may be last in line for payment. Distinguishing illegal fraud from legally protected advantage, Lederer asks why fragmented production persists and whom it serves. Trade licensing and limited mechanization matter, but so do credit arrangements that separate economic command from liability. The article offers a concrete way to understand how property rights and financing shape not only business organization, but workmanship, payment security, and the costs borne by tenants.
Can a single theory of value explain wages, rent, interest—and entrepreneurial profit? In this 1908 collective review, Joseph A. Schumpeter tests recent economics against that ambition, focusing especially on Seligman, Carver, and Fetter. He welcomes the integration of distribution into exchange theory but refuses to mistake a shared vocabulary for an explanation: individual valuations must be connected to market prices, and discounting future income cannot itself explain interest. Entrepreneurial profit exposes a deeper difficulty. Entrepreneurs sell goods, Schumpeter argues, not a separately priced entrepreneurial service; their residual earnings therefore resist treatment as an ordinary factor payment. The review lets readers see his distinction between static and dynamic explanation taking shape through precise disagreements with economists whose achievements he also recognizes.