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The Alternative Austrian Economics

A Brief History

John E. King

For most economists, ‘Austrian economics’ refers to a distinct school of thought, originating with Mises and Hayek and characterised by a strong commitment to free-market liberalism. This innovative book explores an alternative Austrian tradition in economics. Demonstrating how the debate on the economics of socialism began in Austria long before the 1930s, it analyses the work and impact of many leading Austrian economists through a century of Austrian socialist economics.
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Chapter 7: Other voices

John E. King

Extract

Chapter 7 outlines the very different contributions of four Austrian socialist writers. Two of them are women, both of them known principally as economists. Helene Bauer was a theorist, with special interests in the economics of capitalist crisis, while Käthe Leichter was an empirical researcher who focused on the economics of the interwar Austrian labour market and the subordinate role that women played in it. The two men are the eminent philosopher Max Adler and the legal theorist Karl Renner, both of whom published articles on political economy. Both dealt with the implications of the First World War, while Adler also explored the economic background to the rise of fascism.

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