This paper discusses the origin of the modern social knowledge theory and Ernst Mach’s role in its development and his contribution to the history of economics. We categorize economic and scientific methodologies based on the dichotomy between“describable” and “indescribable”...

This article describes the change of Hayek’s economic concepts in the period from his dissertation on political science in 1923 to ‘Economics and Knowledge’ in 1937. Hayek’s dissertation was written under the influence of Wieser and Spann, professors at Vienna University. His...