Karlheinz Muhr Library

The Complete “Austrian School of Economics” Collection


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The archive.

3,422 works, 150 years of economic thought. Each one summarized and searchable, with cited passages inside.

▾··Arranged by ,
265–276 of 3,422 matches · 3,422 works totalPage 23 of 286; every summary opens into its work.
  1. 1889
    Sallandstudien

    Sallandstudien

    Karl Theodor von Inama-Sternegg · 5 sections

    Inama-Sternegg treats the medieval Salland — the demesne land the great lord worked on his own account — as the hinge between estate administration, farming technique, and social power. Across four studies he tracks the Carolingian villa system into its long decline: royal, secular, and ecclesiastical estates lose active command of production, the Cistercian granges reclaim wilderness as model self-cultivating enterprises, and the demesne hufen operate as advance posts of a more intensive agriculture. The decisive agent of dissolution is the Meier, the estate steward who fixes deliveries, appropriates dues, and makes his office hereditary until he emerges as a ministerial lord. Once corvée labour is commuted into money, the lord's own husbandry becomes impossible, and productive leadership passes from the old great lordship to a rising rural nobility — a victory, in modern terms, of labour over capital.

    Die Wirthschaftsgeschichte eines Volkes ist immer zugleich die Geschichte seiner sozialen Ordnung.

    English translation: “The economic history of a people is always at the same time the history of its social order.”

  2. 1889
    Ueber die geschichtliche Entwicklung des Rechtsstaates: Dissertations-Rede, gehalten an der k. k. Universität zu Wien anlässlich seiner Promotion sub auspiciis Imperatoris

    Ueber die geschichtliche Entwicklung des Rechtsstaates: Dissertations-Rede, gehalten an der k. k. Universität zu Wien anlässlich seiner Promotion sub auspiciis Imperatoris

    Julius Landesberger · 8 sections

    Because public law rests on a contested theory of the state, and on a will that both makes law and is bound by it, it is, Landesberger argues in this 1889 Vienna dissertation address delivered under imperial auspices, uniquely unstable and best approached historically. He begins from Kant, for whom the state's sole task is to posit and protect law, then charts how history outgrew that legal-protection state: the French Revolution's separation of powers, the collapse of the Holy Roman Empire, and Fichte's national conception. The modern Rechtsstaat emerges as a Kulturstaat animated by a unified state will and answerable to 'society,' the dynamic stratification of a people; equality before the law figures less as an individual right than as society's freedom against class domination. The speech closes on the Habsburg motto Viribus unitis.

    Der Rechtsstaat ist nicht die politische und culturelle allein, er ist auch die ethische Organisation eines Volkes!

    English translation: “The Rechtsstaat is not merely the political and cultural, it is also the ethical organisation of a people!”

  3. 1889
    Une nouvelle théorie sur le capital

    Une nouvelle théorie sur le capital

    Eugen von Böhm-Bawerk · 8 sections

    Why should capital yield interest if it is not an independent source of productive power? In this French journal article, Böhm-Bawerk presents the central ideas of his recently published theory through fishing equipment, loans, and the successive services of a machine. His decisive distinction separates the greater output made possible by indirect production from the premium placed on goods available now rather than later. Interest, he argues, arises from this difference in valuation, not from a productive power inherent in capital. The article offers a compact route into the connection between waiting, saving, and income—and a pointed challenge to the claim that collective ownership would abolish interest rather than redistribute it.

    Les détours de production par le capital procurent finalement plus de biens de jouissance, mais il faut les attendre plus longtemps.

    English translation: “Roundabout production through capital ultimately provides more consumption goods, but one must wait longer for them.”

  4. 1889
    Untersuchungen über Begriff und Wesen der Grundrente, mit Rücksicht auf die Wertlehre vom Grenznutzen

    Untersuchungen über Begriff und Wesen der Grundrente, mit Rücksicht auf die Wertlehre vom Grenznutzen

    Hermann von Schullern zu Schrattenhofen · 45 sections

    Neither a Ricardian exception nor an artifact of private landownership, ground rent in this 1889 study becomes the value that a scarce natural factor draws from its marginal product. Schullern-Schrattenhofen builds the argument on the marginal-utility value theory of Menger and Böhm-Bawerk, treating land not as an eternal surface but as a temporally limited productive service, and carefully separating 'raw' from 'pure' land-use, a distinction that turns decisive in mines, where extraction consumes the resource itself. Fertility, location, population growth, and diminishing returns all move rent by changing either product value or the degree of dependence on the natural factor. Against Henry George, he insists that abolishing private property would redistribute rent, not dissolve it, and presents his whole account as a reform of Ricardo grounded in human need.

    Keiner dieser Sätze enthält das Wort „Privateigentum“, oder deutet auch nur im entferntesten darauf hin.

    English translation: “None of these propositions contains the word "private property," nor does any of them even remotely allude to it.”

  5. 1889
    Volksvermögen, Volkseinkommen und ihre Vertheilung. [Rezension zu Hermann Losch]

    Volksvermögen, Volkseinkommen und ihre Vertheilung. [Rezension zu Hermann Losch]

    Eugen von Böhm-Bawerk · 1 sections

    An ambitious statistical programme is not, for Böhm-Bawerk, a substitute for conceptual clarity. In this brief 1889 review of Hermann Losch’s book on national wealth, income, and their distribution, he weighs a proposal to replace inadequate estimates with a state-organized survey attentive to occupational structure. He acknowledges interesting features but finds Losch’s treatment too unresolved to clarify its subject. The review offers a compact example of Böhm-Bawerk’s critical standard: rejecting earlier measurements and demanding new statistical institutions do not by themselves establish a clear contribution to knowledge.

  6. 1889
    Zur Theorie des Preises mit besonderer Berücksichtigung der geschichtlichen Entwicklung der Lehre

    Zur Theorie des Preises mit besonderer Berücksichtigung der geschichtlichen Entwicklung der Lehre

    Robert Zuckerkandl · 58 sections

    No single formula can explain how prices form: that conviction drives Zuckerkandl's sweeping doctrinal history of value and price. It marches from medieval just-price jurisprudence through Davanzati, Galiani, and Turgot to the English classicals and finally to Menger, whose account of value as conscious dependence on concrete goods, and Wieser's Grenznutzen, he adopts as the decisive advance. He is relentless with the mechanical theories: Locke's quantity-and-vent doctrine, Ricardo's and Marx's labor theories, and the cost-of-production law that collapses, he shows, into the tautology that price equals wages plus profit. On that critical ground he builds his own subjective theory of price, grounded in marginal valuation and the meeting of buyer and seller schedules on organized markets.

    So kommt die moderne englische Nationalökonomie zu ihrem Preisgesetz: der normale Preis tendiert nach den Produktionskosten, d. h. er sucht sich dem Arbeitslohn plus Gewinn gleichzusetzen.

    English translation: “Thus modern English political economy arrives at its law of price: the normal price tends toward the costs of production, that is, it seeks to equate itself with wages plus profit.”

  7. 1890
    [Rezension zu Augusto Graziani: Storia critica della teoria del valore in Italia; Augusto Montanari: Contributo alla storia della teoria del valore negli scrittori italiani]

    [Rezension zu Augusto Graziani: Storia critica della teoria del valore in Italia; Augusto Montanari: Contributo alla storia della teoria del valore negli scrittori italiani]

    Eugen von Böhm-Bawerk · 1 sections

    Historical scholarship can do more than recover earlier theories of value: it can help develop them. That is Böhm-Bawerk’s central judgement in this brief joint review of works by Augusto Graziani and Augusto Montanari. He values Graziani’s placement of Italian writers within a broader history of value theory and Montanari’s recovery of authors Graziani omitted. His praise is also theoretically pointed: he reports that both writers regard marginal utility as the most mature result of earlier inquiry and the basis for further work. Without examining their arguments in detail, the review shows what Böhm-Bawerk prizes in these histories—the conjunction of careful literary research and independent economic reasoning.

  8. 1890
    [Rezension zu Conrad Schmidt: Die Durchschnittsprofitrate auf Grundlage des Marx'schen Wertgesetzes]

    [Rezension zu Conrad Schmidt: Die Durchschnittsprofitrate auf Grundlage des Marx'schen Wertgesetzes]

    Eugen von Böhm-Bawerk · 1 sections

    Can a theory explain prices if it holds only for their total? In this 1890 review, Böhm-Bawerk tests Conrad Schmidt’s attempt to reconcile Marx’s labor theory of value with a uniform rate of profit. His concrete objection is that Schmidt’s distinction between capital-replacing products and surplus products assigns different theoretical values to identical tons of iron. Averaging those values may produce a single market price, Böhm-Bawerk argues, but it abandons the principle it was meant to preserve. Written before the publication of the third volume of Capital, the review makes a pointed methodological demand: a law of value must explain actual exchange ratios, not merely secure an aggregate equality. Readers can examine precisely where, in this critic’s judgement, reconciliation becomes concession.

  9. 1890
    [Rezension zu Johann von Komorzynski: Der Wert in der isolierten Wirtschaft]

    [Rezension zu Johann von Komorzynski: Der Wert in der isolierten Wirtschaft]

    Eugen von Böhm-Bawerk · 1 sections

    Can an irreplaceable artwork have value if its loss cannot be offset through renewed production? In this review of Johann von Komorzynski’s Der Wert in der isolierten Wirtschaft, Böhm-Bawerk challenges a restriction that would exclude rarities and mementos from valuation. He credits Komorzynski’s analysis of how substitution shifts losses toward less important satisfactions, but argues that this very process presupposes comparisons between different kinds of needs—the comparisons Komorzynski denies. The review offers a compact encounter with marginal-utility reasoning where replacement is constrained and production imperfectly coordinated. Its particular interest lies in Böhm-Bawerk’s distinction between conditions that influence valuation and conditions without which value supposedly cannot exist.

  10. 1890
    [Rezension zu N. G. Pierson: Leerboek der Staathuishoudkunde, Tweede deel, 1e Stuk]

    [Rezension zu N. G. Pierson: Leerboek der Staathuishoudkunde, Tweede deel, 1e Stuk]

    Carl Menger · 1 sections

    What can an economist praise across the divisions of competing schools? In this 1890 review of the first installment of N. G. Pierson’s second textbook volume, Carl Menger values a combination of theoretical discrimination, practical knowledge, and openness to reform. His account centres on a tension in Pierson’s economics: self-interest is indispensable to economic activity but insufficient to secure public welfare. Free trade and increased production coexist with concern for workers and scrutiny of property’s productive contribution. Menger’s praise does not make every reported position his own; it shows what he admires in another economist’s practice. This brief review offers a concrete view of his critical standards—and of his effort to bring neglected Dutch scholarship to German-speaking readers.

  11. 1890
    [Rezension zu Otto Effertz: Arbeit und Boden. Kritik der theoretischen politischen Oekonomie]

    [Rezension zu Otto Effertz: Arbeit und Boden. Kritik der theoretischen politischen Oekonomie]

    Eugen von Böhm-Bawerk · 1 sections

    A plausible premise does not guarantee a sound economic explanation. In this short 1890 review of Otto Effertz’s Arbeit und Boden, Eugen von Böhm-Bawerk grants—with qualifications—that goods arise from labour and land, but challenges the deductions Effertz builds upon that claim. His qualified appreciation of Effertz’s observations on the “age” of labour and capital interest sharpens the distinction between fruitful insight and what he regards as Marx-inspired verbal dexterity. The review also exposes a concrete scholarly dispute: has Effertz actually read the “bourgeois economists” he dismisses? Böhm-Bawerk’s suspicion remains a suspicion, but it makes this compact polemic a pointed encounter with his standards for economic reasoning, fair criticism, and claims to originality.

  12. 1890
    [Rezension zu Otto Wittelshöfer: Untersuchungen über das Capital, seine Natur und Function. Ein Beitrag zur Analyse und Kritik der Volkswirthschaft]

    [Rezension zu Otto Wittelshöfer: Untersuchungen über das Capital, seine Natur und Function. Ein Beitrag zur Analyse und Kritik der Volkswirthschaft]

    Robert Meyer · 1 sections

    Private fortunes can grow while productive resources deteriorate: Robert Meyer finds this tension central to Otto Wittelshöfer’s account of capital. His 1890 review credits Wittelshöfer’s attempt to connect socialist criticism with a theory of value grounded in needs, particularly where ownership transfers turn uncertain estimates into binding transactions. Yet Meyer separates an illuminating mechanism from an adequate explanation. If economic arrangements permit mistaken valuations, why do those mistakes periodically converge in collective optimism and crisis? This distinction gives the review its critical edge. Readers encounter a sympathetic but exacting assessment of how speculative gains, fixed monetary claims, and misdirected investment can detach private success from productive conditions—and where that account still leaves causation unexplained.

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