By Elisabeth Nemeth, Stefan W. Schmitz, Thomas E. Uebel
Otto Neurath (1882-1945) was once a hugely unorthodox philosopher either in philosophy and economics. He proposed a extensively accelerated scope of monetary research that will facilitate a comparative and systematic research of the effect of an excellent number of fiscal and political measures on a population’s overall healthiness. Neurath appeared the arguable and broadly misunderstood proposal of calculation in type as an integral device for somebody (economist or baby-kisser) who sought to research financial relationships from a much wider standpoint than that of rate formation lower than industry stipulations. what's the influence of different (economic, political or organisational) measures on dwelling stipulations? What are the fitting ways to examine and to rationally opt for between substitute measures? In Neurath’s opinion, solutions to those questions are the most important for each democratic govt. The contributions to this gleaming new booklet finish that Neurath touched on a few of the most crucial difficulties of financial thought in the course of its youth as a latest self-discipline; his economics presents insights into the foundational difficulties of recent economics and will motivate modern financial theorists to seriously replicate their very own hidden presumptions. Neurath’s arguments proceed to problem the rules of today’s neo-liberal method of political-economy. they've got additionally been rediscovered via researchers within the fields of ecological economics and of sustainable improvement as visionary and unique. His accomplished conception of lifestyles stipulations and lifestyles caliber expected the questions improvement economists and most people meet today.
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Extra info for Otto Neurath's Economics in Context
Example text
It is not always immediately clear what results of theoretical research are historically given. ”66 For Neurath a truly general theory therefore has to be unrealistic in a certain sense. 67 In his criticism of Schumpeter Neurath is employing a series of intellectual figures that play a central role in the work of Ernst Mach: “elements and elementary relations,” “expanding the range of conditions,” “freeing up one’s point of view,” considering the possibility of a different explanation. Indeed, it appears that Neurath is demanding of Schumpeter that the latter pay heed to the fundamental principles of Mach’s epistemology.
Nemeth Neurath is wholly unsatisfactory. As Neurath saw it, Schumpeter was stuck halfway between the simple assessment of empirical facts – which he had abandoned with good reasons – and a truly general theory. ” But what did Neurath mean by that? I hope that this idea will become somewhat clearer at the end of this paper. In the context of Neurath’s criticism of Schumpeter in 1911, he describes what he means by the “free point of view” which theoretical economics should attain in the following way.
65 “Freeing up One’s Point of View”: Neurath’s Machian Heritage Compared 27 drawing upon Mach’s epistemology. In reconstructing this differential influence of Mach upon Neurath and Schumpeter, there is a wealth of material I could analyze, but I will confine myself here to a few provisional points. 68 By failing to bear in mind the conditions under which one made one’s observations and developed one’s concepts, one easily falls prey to the tendency to …hypostasize concepts one created oneself, to ascribe to them a reality outside of one’s consciousness.