Policy Press

Subjectivism in Economics and Philosophy

Re-orientating Economic Theory

By Karl Mittermaier

Published

May 29, 2025

Page count

208 pages

ISBN

978-1529250084

Dimensions

234 x 156 mm

Imprint

Bristol University Press

Published

May 29, 2025

Page count

208 pages

ISBN

978-1529248159

Dimensions

234 x 156 mm

Imprint

Bristol University Press

Published

May 29, 2025

Page count

208 pages

ISBN

978-1529248166

Dimensions

234 x 156 mm

Imprint

Bristol University Press
Subjectivism in Economics and Philosophy

Available open access digitally under CC-BY-NC-ND licence.

Following on from The Hand Behind the Invisible Hand and A Realist Philosophy of Economics, this new book drawn from Karl Mittermaier’s writings examines the intricate relationship between economic theory and real-world economic experiences.

Despite the centrality of subjectivism in both philosophy and economics, these fields have often overlooked each other's insights. Mittermaier challenges this disconnect, advocating for a shift from deterministic models to a more reflective approach in economics. He examines the historical, methodological and philosophical dimensions of economic theory, highlighting its struggle to connect economic theory to empirical data and individuals' lived experiences.

Originally penned between 1979 and 1982 and now published posthumously, this work remains a crucial contribution to contemporary economic discussions.

Karl Mittermaier (1938–2016) taught at the University of the Witwatersrand, Johannesburg, from 1967 until 2002 when he retired.

Foreword - Isabella Mittermaier

Prefaces - Tony Lawson and Jochen Runde

Introduction. Re-orientating Economic Theory: Mittermaier's Challenge to Conventional Approaches - Michael Stettler

1. Introduction

2. The Problem of Similarity

3. General and Particular Judgements

4. Subjectivism in Economics

5. Anthropinism