Although Otto Neurath left his mark across an array of fields in the first half of the twentieth century, he was trained as an economist and wrote extensively about economics. He questioned the philosophical foundations of economic concepts, the fuzziness of economic terminology, the unwarranted reduction of economic theorizing to matters of price, and the misplaced reliance upon certain quantitative approaches.
This book intends to find a place for Otto Neurath in the history of economic thought by examining and analyzing his economic ideas, both on their own terms, albeit with a critical perspective, and in the broader context of their impact. Neurath may be seen as a pioneer in posing ideas and approaches now considered heterodox.
This book will be of interest to students and researchers of the history of economic thought, and especially those interested in the evolution of heterodox economics in the twentieth century.
Michael Turk is professor emeritus in economics at Fitchburg State University, USA.
1. Introduction: Placing Otto Neurath in the History of Economic Thought. 2. Neurath in his Milieu. 3. Faulty Philosophical Foundations of Economics. 4. Out of the German Historical School: The Divergent Paths of Otto Neurath and Max Weber. 5. Ecological Economics and Qualitative Measurement. 6. Neurath, Sraffa, and the Problem with Prices. 7. Otto Neurath and the Linguistic Turn in Economics. 8. Socialist Calculation in the Age of Information. 9. Modernism and Postmodernism Revisited
"This is a well-written, scholarly and challenging book about an early heterodox economist whose ideas should be much more widely known to historians of economic thought."
- Professor John King, La Trobe University, Australia, published in History of Economics Review (2019).