Economics Dictionary of ArgumentsHome
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| Method: a method is a procedure agreed on by participants of a discussion or research project. In the case of violations of a method, the comparability of the results is in particular questioned, since these no longer come from a set with uniformly defined properties of the elements._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Ladislaus von Bortkievicz on Method - Dictionary of Arguments
Kurz I 178 Method/Bortkievicz/Kurz: Bortkiewicz, echoing Pareto, had been critical of what he dubbed the "causal-genetic" method of analysis. This method he had detected in Böhm-Bawerk and the Austrians who had tried to explain all prices and the distributive variables by tracing them back to the consumers' marginal (expected) estimations of goods of the first order, that is, consumption goods. >Böhm-Bawerk, >Marx, >Austrian School, >V. Pareto. A similar method, he maintained, had been adopted by Marx, Who had attempted to explain all prices and the distributive variables by tracing them back to the quantities of labor needed directly and indirectly in the production of the various commodities. While strictly opposed in terms of content, both theories employed the causal-genetic method and thus were concerned with the search for an ultimate standard of value. T his standard was (marginal) utility in one case and (abstract) labor in the other (see, in particular, Bortkiewicz 1921(1)). According to Bortkiewicz, both schools of thought were bound to fail: the kind of problems they faced could not be mastered in terms of the causal-genetic method. The phenomenon of ubiquitous interdependence of economic magnitudes necessitated the employment of what Bortkiewicz called the "mathematical method," that is, the method of simultaneous equations. Sraffa: Sraffa noted carefully that in Bortkiewicz's view "Value" (i.e., labor value) was merely a "Hilfsgrösse" - an auxiliary concept. To this Bortkiewicz had added: "Marx has not succeeded in substituting for it a consistent theory. „Das leistet vielmehr die mathematische Methode“ {This achieves only the mathematical method}" (Dl/91: 32)(2). 1. Bortkiewicz 1921. Objektivismus und Subjektivismus in der Werttheorie. Ekonomisk tidskrift 21:1-22. 2. Taken from the work Sraffa carried out in the period 1927–1931 (unpublished papers). Kurz, Heinz; Salvadori, Neri 2015. Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). London, UK: Routledge._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Bortkievicz, Ladislaus von Kurz I Heinz D. Kurz Neri Salvadori Revisiting Classical Economics: Studies in Long-Period Analysis (Routledge Studies in the History of Economics). Routledge. London 2015 |
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