Publications [#332747] of Bruce J. Caldwell

Journal Articles

1. Caldwell, BJ, Wieser, hayek and equilibrium theory, Journal des Economistes et des Etudes Humaines, vol. 12 no. 1 (January, 2002), pp. 1-20, WALTER DE GRUYTER GMBH [doi]
   (last updated on 2024/04/19)

   Abstract:
   The paper challenges Joseph Salerno’s recent revisionist account in “The Place of Human Action in the Development of Economic Thought” of the relationship between Friedrich von Wieser and F.A. Hayek and of their views on equilibrium theory. The paper argues, contra Salerno, that Wieser was not a proponent of general equilibrium theory, so could not have influenced Hayek in the manner Salerno suggests; that there was not a concerted effort by Schumpeter, Wieser, Mayer, and Hayek to advocate general equilibrium theory in the prewar and inter-war years among the Austrians; and finally, that Hayek’s early attraction to what he called “equilibrium analysis” had causes independent of those alleged by Salerno. © 2002 by Berkeley Electronic Press and IES-Europe.