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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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Name index

John E. King

Adler, Friedrich 96

Adler, Max

Austro-Marxism and 14, 19, 116

and Austrian social democracy 19, 22, 23, 111

on the Austrian working class 978

on economics 968

on imperialism 97

on the ‘neue Mensch’ (‘new man’) 12

and sociology 5, 73, 96

Adler, Victor 22, 79, 96

Aftalion, Albert 87

Altzinger, Wilfried 6, 153, 1612

Amin, Samir 168

Atkinson, A.B. 161

Balogh, Thomas 117

Baran, Paul A. 1245, 140, 141

Bauer, Helene 45, 40, 58, 64, 95, 96, 98101, 103

Bauer, Ida (‘Dora’) 40

Bauer, Käthe 40

Bauer, Otto

on the Austrian economy 8081

biographical details 4042, 58, 64, 7980, 99100

in Böhm-Bawerk’s seminar 2021

on bourgeois economics 834, 94

on Charasoff 512

on democracy 91

economic crises, theory of 19, 424, 4952, 548, 879, 915

on economic policy 534, 81

on the economics of socialism 59, 636, 68, 76

on ‘false rationalisation’ 856

on fascism 90

on the Great Depression 8081, 87, 89, 90, 91

and Grossmann 58, 101

and Hilferding 37, 5051

on inflation 524

on ‘integral socialism’ 656

lectures on economics 65, 814

and the Linz programme of the SDP 79

Luxemburg and 547

on Marx’s political economy 479, 814

on nationalism and imperialism 457

Neurath and 13, 62

Polanyi and 68, 69

on rationalisation 846

on Renner 111

on socialism 59, 636, 68, 76

state, views on 1718

Sweezy and 923

on Tugan-Baranovsky 4950

on underconsumption 86, 88, 9095

on unemployment 524

on unequal exchange 46

violence, abhorrence of 17

on ‘vulgar Marxism’ 47

Bauer, Philip 40

Beck, Ulrich 141

Becker, Joachim 168, 169

Berger, Heinrich 71

Besomi, Daniele 121

Bernstein, Eduard 15, 16, 18, 19 27, 31, 33, 42, 51, 66

Blum, Mark 99

Böhm-Bawerk, Eugen von 3, 7, 1921, 22, 23, 245, 40, 94, 115

Bortkiewicz, Ladislaus von 49, 163

Bottomore, Tom 1819, 24, 38

Boudin, Louis 50

Boulding, Kenneth 148

Bourdet, Yvon 38

Bowley, Arthur 52, 117

Braun, Adolf 41

Braunthal, Julius 99

Breitner, Hugo 11

Brentano, Lujo 83

Bronfenbrenner, Martin 88

Brus, Włomzimierz 154

Bukharin, Nikolai 37

Bulloch, Jamie 8

Burchardt, Fritz 117

Bürger, Hans 151

Buttinger, Joseph 82

Cairncross, Alec 135

Carnap, Rudolf 13

Carver, Thomas Nixon 85, 87

Cassel, Gustav 87

Catchings, Waddill 94

Chalmers, Thomas 56

Chaloupek, Gunther 6, 59, 72, 153, 1589

Charasoff, Georg von 6, 41, 5051, 80, 163

Clark, John Maurice 85, 87

Cocker, Mark 63

Cole, G.D.H. 64, 65, 67, 68, 69, 113

Corina, John 134, 136

Corneo, Giacomo 161

Croce, Benedetto 49

Dale, Gareth 66, 68

Dalton, Hugh 74

de Wolff, Sam 87

Disraeli, Benjamin 10

Dobb, Maurice 78

Dollfuss, Engelbert 71

Domar, Evsey 93, 124

Douglas, Major C.H. 143

Duszynska, Ilona 67

Dutt, Amitava 1289, 133

Eckstein, Gustav 25, 52, 83

Emmanuel, Arghiri 45

Engels, Friedrich 15, 25, 26, 37, 47, 75, 83, 90

Fama, Eugene 157

Feinstein, Charles 52

Fellner, William 121, 123

Fisher, Irving 89

Fleck, Christian 71

Ford, Henry 85

Foster, William Trufant 94

Frank, André Gunder 168

Franz, Emperor 8

Friedman, Milton 28

Freud, Sigmund 40

Furtado, Celso 168

Galbraith, J.K. 142

Gehrke, Christian 6, 512, 153, 1623

Georgescu-Roegen, Nicholas 93, 156

Gödel, Kurt 13

Goldscheid, Marie 73

Goldscheid, Rudolf 1314, 59, 736

Gordon, Morris 38

Graber, Renate 151

Grisold, Andrea 168

Grossmann, Henryk 58, 101

Grünberg, Carl 14, 22, 102

Guger, Alois 6

Gulick, Charles 9, 12, 1617

Gumplowicz, Felix 989

Gumplowicz, Ludwig 99

Haberler, Gottfried von 92, 119

Hahn, Hans 13

Hahn-Neurath, Olga 13

Hamberg, Daniel 124, 126

Hanisch, Ernst 71

Hansen, Alvin 1234, 159

Harcourt, Geoff 134, 136

Harrod, Roy 116, 11820, 123

Hawtrey, Ralph 87, 89

Hayek, Friedrich von 1, 59, 70, 87, 94, 116, 119, 120, 136, 156

Hegel, Georg Wilhelm Friedrich 17, 48

Hein, Eckhard 13031, 1323

Heitzmann, Karin 161

Henwood, Doug 31

Hicks, J.R. 12021

Hilferding, Margret 103

Hilferding, Rudolf

and Austro-Marxism 2, 19, 40

Bauer on 45, 5051

biographical details 3, 224

critic of Böhm-Bawerk 20, 246

criticism of 29, 31, 51

on economic crises 313

on the economics of socialism 347

Finance Capital 2639, 45, 5051

on imperialism 334, 39

and revisionism 27

other references 1, 13, 71

Hitler, Adolf 9, 97

Hobhouse, L.T. 10

Hobson, J.A. 10, 27, 87, 88, 93

Hodgson, Geoffrey 4, 59

Hoff, Trygve 71, 73

Howard, Mike 1, 6, 94

Ingham, Geoffrey 29

Jahoda, Marie 103

Jones, Richard 48

Kahn, Richard F. 120

Kaldor, Nicholas 119

Kalecki, Michał

Baran and Sweezy on 125

Hein on 130

Hilferding and 33

Matzner and 156

Rothschild and 1478

Steindl and 5, 120, 128, 130

on wage-led growth 945

other references 117, 135, 154

Kant, Immanuel 10, 14, 17

Kapeller, Jakob 6, 152, 153, 165, 1667

Kapelusz, Theodor 27

Karl, Emperor 8

Kautsky, Benedikt 82

Kautsky, Karl 15, 18, 23, 26, 37, 39, 48, 54, 58, 69, 83

Kautsky, Luise 103

Keirstead, B.S. 124

Keynes, John Maynard 5, 28, 33, 38, 74, 87, 119, 13940, 159

Klein, Lawrence 121

Klotz, Benjamin P. 126

Knapp, Georg 29

Kondratiev, Nikolai 87

Kowalik, Tadeusz 37

Krätke, Michael 6, 85, 87

Kregel, Jan 160

Kreisky, Bruno 156

Kurata, Minoru 24

Kurz, Heinz 6, 116, 152, 153, 1578, 162

Landau, Max 99

Lange, Oskar 59, 70, 121, 137

Laski, Kazimierz 6, 153, 1545

Lavoie, Don 59

Lavoie, Marc 12930, 133

Lederer, Emil 2, 20, 88, 95

Lee, Fred 166

Leichter, Franz 102

Leichter, Heinz 102

Leichter, Käthe 5, 12, 71, 10110

Leichter, Otto 5, 59, 7073, 78, 102

Lenin, Vladimir Ilych 37, 69

Lerner, Gerda 110

Lewis, Jill 6, 1718

Long, Stewart L. 126

Lowe, Adolphe 95

Luxemburg, Rosa 3, 41, 548, 80, 83, 100, 101, 112

Mach, Ernst 14, 96

Maimann, Helene 110

Malthus, Robert 56

Mandelbaum, Kurt 117

Marschak, Jacob 70

Marshall, Alfred 24

Marx, Karl

Adler on 97

Austro-Marxists and 15

Bauer (Helene) on 101

Bauer (Otto) on 41, 479, 54, 813

Böhm-Bawerk on 246

Collected Works, MEGA2 edition of 158

Gehrke on 162

Goldscheid on 75

Hilferding on 256, 29, 32, 35

Kurz on 158

and the labour theory of value 246

on material and personal dependence 35

Polanyi and 67, 69

Renner on 113

Rothschild on 140

Steindl on 122

and the theory of surplus value 246

see also Capital; Communist Manifesto; Critique of Political Economy; Theories of Surplus Value

Matzner, Egon 6, 118, 153, 1556, 160

Mayer, Hans 118, 135

McCulloch, J.R. 56

McLure, Michael 74

Meade, James 75, 120

Meek, Ronald 26

Menger, Carl 20

Merkel, Angela 154

Mikl-Horke, Gertrude 168

Mill, John Stuart 56, 141, 147

Minsky, Hyman 38, 129, 160, 164

Mises, Ludwig von 1, 4, 11, 20, 40, 59, 63, 67, 68, 73, 87, 116

Mitchell, Wesley 85, 87

Moore, Henry Ludwell 85

Morgenstern, Oskar 116, 121, 138, 156

Moser, Koloman 14, 115

Mosley, Oswald 141

Musgrave, Richard 75

Myrdal, Gunnar 155, 156

Neurath, Otto

biographical details 60, 612, 64

and Böhm-Bawerk’s seminar 2021, 40

on the economics of socialism 4, 21, 59, 612, 70, 1589

and the Isotype system 60, 103, 110

Leichter on 72

literature on 6061

Polanyi on 69

on utopias 63

and the Vienna Circle 16, 60

Neurath, Walter 60

Ng, Yew-Kwang 147

Nicholson, J.L. 117

Nowotny, Ewald 152, 159

O’Connor, Joseph 75

Oppenheimer, Franz 66

Orwell, George 136

Pernenstorfer, Engelbert 22

Peukert, Helge 74

Piatakov, Yuri 69

Pigou, A.C. 74, 87

Piketty, Thomas 165

Pirker, Reinhard 168

Planck, Max 138

Plato 64, 157

Polanyi, Karl 2, 13, 59, 6670

Polanyi-Levitt, Kari 13, 67

Popper, Karl 10, 14, 76

Rauchenschwandtner, Hermann 168

Rehm, Miriam 6, 152, 153, 1656, 169

Renner, Karl

and Austro-Marxism 41

attitude to the Anschluss 9, 111

biographical details 11012

on economic democracy 11314

and economics 5, 96, 11213

and legal theory 5, 96, 1123

on national cultural autonomy 45

on socialism 11214

other references 74, 83

Ricardo, David 50, 1578, 163

Robertson, Dennis 87, 120

Robinson, Joan 33, 120, 124, 135

Rodbertus, Johann Karl 88

Rogow, Arnold 40, 99

Roscher, Wilhelm 83

Rothschild, Kurt

on Austro-Keynesianism 14950

biographical details 5, 1347

on economic policy 14650

legacy of 16062

on macroeconomics 1435

on Marxism 140

modesty of 1456

on pluralism in economics 13740

on power in economics 14043

other references 1, 114, 118

Salvadori, Neri 157

Schapire, Anna 61

Schiff, Walter 4, 14, 59, 768

Schlick, Moritz 13

Schmidt, Conrad 52

Schneider, Michael 6, 93

Schuller-Marmorek, Hilda 100

Schumacher, E.F. 117

Schumpeter, Joseph 23, 20, 22, 29, 38, 40, 61, 74, 75, 117, 124, 156, 157, 159

Schwank, Oliver 168

Schwarzschild, Agnes 112

Scitovsky, Tibor 117

Segura, Julio 38

Seidler, Ernst 73

Shackle, George 120

Shibata, Kei 52

Simmel, Georg 74

Simon, Herbert A. 167

Sismondi. J.C.L. Simonde de 56, 88

Skidelsky, Robert 143

Smaldone, William 24

Smith, Adam 28, 157

Smithies, Arthur 121

Sombart, Werner 159

Spiethoff, Arthur 87

Springler, Elisabeth 168, 169

Sraffa, Piero 52, 157, 158, 1623

Stalin, Joseph 4, 65, 77, 111

Stedman Jones, G. 15

Steindl, Josef

Baran and Sweezy on 1245

biographical details 5, 11518

Dutt on 1289

on economics and the real world 133

on Harrod’s Trade Cycle 11820, 122

Hein on 13031, 132

on Hicks’s supermultiplier 12021

Lavoie on 12930

on stagnation 115, 1213, 1256, 127, 1312, 133

other references 1, 2

Steindl, Leopoldine 115

Steindl, Rudolf 115

Sternberg, Fritz 100, 101

Steuart, Sir James 28

Stiglitz, Joseph 66

Stockhammer, Engelbert 6, 153, 1634, 168

Strigl, Richard 115

Sweezy, Paul 25, 37, 38, 92, 93, 95, 122, 1245, 140, 141

Sylos Labini, Paolo 125, 145

Taylor, F.W. 85

Thatcher, Margaret 151

Thompson, Noel 65

Tichy, Günther 141

Tisch, Cläre 73

Tönnies, Ferdinand 27, 74

Trotsky, Leon 69

Tugan-Baranovsky, Mikhail 3, 32, 41, 4950, 80, 94

Tugwell, Rexford 87

Turnbull, Malcolm 76

Tversky, Amos 167

Uebel, Thomas 6, 63, 64

Unger, Brigitte 6, 153, 157, 15960

Veblen, Thorstein 38

Von Neumann, J. 138

Wagner, F. Peter 24

Walker, E. Ronald 118

Watnick, Morris 38

Webb, Beatrice 113

Webb, Sidney 113

Weber, Max 62, 74

Weil, Felix 70, 73

Wells, H.G. 67

Wicksell, Knut 87

Williams, Gertrude 110

Winkler, Ernst 812

Woodford, Michael 144

Worswick, G.D.N. 117

Wray, L. Randall 38

Yoshida, Y. 92