NotaBene .

ARISTOTELIAN PHILOSOPHY AND AUSTRIAN SCHOOL OF ECONOMICS

Abstract: This article discusses the influence of Aristotelian philosophy both on the Austrian School of Economics and on the German Historical School, as well the battle between these two German-language schools in the late nineteenth and early twentieth centuries. It examines the formation and development of methodological views of Carl Menger, the founder of Austrian School, in clash with this competitive group and under the influence of Austrian philosopher Franz Brentano, who continues the dissemination of Aristotle's ideas in late nineteenth century catholic Austria. Then it briefly explores the demand of Eugen Bhm-Bawerk, the second great name of the Austrian School, on conceptual purity. Finally, it presents the argument of Ludwig von Mises, the most prominent twentieth-century Austrian economist, whit philosophers of the Vienna Circle, and his clearly Aristotelian understanding of human action and praxeology.

Key words: Aristotle, Austrian School of Economics, German Historical School, Karl Menger, Franz Brentano, Eugen Boem-Bawerk, Ludwig von Mises, Vienna Circle

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