Prominent economic sociologist Richard Swedberg has argued that economists have failed to develop a theory of the market that recognizes it as a “social phenomenon in its own right.” While this may be true of mainstream economics, the Austrian school's theory of the market is much richer...

Two of the most influential concepts in social science over the past two decades have been 'social embeddedness' and 'social capital'. This essay introduces a special issue of the Review of Austrian Economics in which those concepts are examined from the perspective provided by Austrian...

This paper constitutes the start of a project dedicated to Austrian economist and economic sociologist Friedrich von Wieser (1851-1926). Its central claim is that especially in recent decades, Wieser has become a disproportionately underresearched scholar, and the paper provides a set of...

This paper addresses the intellectual relationship between Max Weber and three key proponents of neoliberalism: F.A. Hayek, Walter Eucken and Wilhelm Röpke. This relationship is contextualized in the history of German-language political economy, focusing on the nexus and proximity between early...

Max Weber's relationship to economics in general and to the Austrian School in particular has received more attention recently. However, this literature as conducted by Weber scholars and by Austrian economists exhibits two major deficiencies. First, the studies are often either purely...

Economic sociology, the study of how economic phenomena affect and are affected by social forces, is a field that arguably dates back to classical economists and social thinkers such as Adam Smith. Arguably, however, Emile Durkheim and Max Weber did the most to systematize and outline the field...

Alfred Schütz has paid considerable attention to the position of scientist in the world and particularly to that of social scientist. His analyses make extensive use of phenomenological concepts and contain detailed descriptions of scientific cognitive style in its relation to the everyday...

In this paper I present a financial framework, known as Economic Value Added or EVA®, used to value firms and apply it to topics highlighted in the Austrian literature. In particular I contrast the market process emphasize in the Austrian literature with the neoclassical firm profit...

The Genesis and Ethos of the Market makes the assertion that virtue is not inconsistent with economic liberty. This raises the question about the relationship between virtue and economic liberty addressed in the "Civil Economy" tradition of the Neapolitan Enlightenment. We explore this question...