Twelve years after publishing his pioneering Principles of Economics, in 1883 [Carl] Menger issued his Investigations into the Method of the Social Sciences with Special Reference to Economics. In this book Menger sought to establish the study of society, especially economy, as a legitimate intellectual discipline in contrast to the German Historical School, which denied the existence of social or economic “laws” applicable to all human beings at all times and places. Late in the book, and consciously following Plato and Aristotle, Menger draws “the analogy between social phenomena and natural organisms.”
Sunday, October 30, 2011
Read the full TGIF: Social Cooperation, Part 3.