Chapter

Max Weber and the Decline of the Historical School

Bruce Caldwell

in Hayek's Challenge

Published by University of Chicago Press

Published in print November 2003 | ISBN: 9780226091914
Published online February 2013 | e-ISBN: 9780226091921 | DOI: http://dx.doi.org/10.7208/chicago/9780226091921.003.0005
Max Weber and the Decline of the Historical School

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By the first decade of the twentieth century, the historical school faced challenges from within Germany and without. By the end of the First World War, it had lost almost all its influence. This chapter traces the reasons behind the decline of the historical school. It shows that Max Weber, one of the most famous social scientists of the twentieth century, played an important role in the story. Weber is known today principally as a sociologist. For most of his career, however, he identified himself, not only as an economist, but specifically as a member of the historical school of economics. His dissension from historicist doctrine would provide the foundation for many later Austrian arguments on methodology.

Keywords: historical school; social scientists; economists; economics; Austrian school

Chapter.  6802 words. 

Subjects: Economic History

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