TY  - CHAP
AB  - Abstract Max Weber and the Austrian School of Economics share many of the same intellectual influences as well as a similar commitment to a social science characterized by methodological individualism, methodological subjectivism, and value-freedom. Although many of the links between Weber and the Austrian school have been explored, one area of agreement between Weber and Mises that is yet to be explored is their shared understanding of the nature of the market. This chapter attempts to close this gap by examining the pictures of the market in Weber’s Economy and Society and Mises’ Human Action. We find that both portrayals share important features. These include similarities regarding (i) the nature of the market; (ii) the market’s autonomous logic; (iii) the impersonality of the market; and (iv) the market in society.
VL  - 34A
SN  - 978-1-78560-960-2, 978-1-78560-959-6/0743-4154
DO  - 10.1108/S0743-41542016000034A014
UR  - https://doi.org/10.1108/S0743-41542016000034A014
AU  - Stein Solomon
AU  - Storr Virgil Henry
PY  - 2016
Y1  - 2016/01/01
TI  - The Nature of the Market in Mises and Weber
T2  - Research in the History of Economic Thought and Methodology
T3  - Research in the History of Economic Thought and Methodology
PB  - Emerald Group Publishing Limited
SP  - 73
EP  - 91
Y2  - 2024/04/19
ER  -