Strigl, Richard (von)

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Strigl, Richard (von): Fassung

Author:: Steindl, Josef

Scope:: Typoskript, 2 Blätter

Year of publication:: 1987

Language:: English

Description:: Steindl's article gives some biographical information about life and work of Richard von Strigl and was published in a slightly different version in the Palgrave Dictionary of Economics.

Note:: Entstehungsdatum erschlossen. - Zusatz zum Titel fingiert.

Related work:: Steindl, Josef: Strigl, Richard (von). In: Eatwell, John; Milgate, Murray; Newman, Peter (Hrsg.): The New Palgrave. A Dictionary of Economics. London: Macmillan 1987

Topic:: Economic history,economic theory,current developments

JEL Classification:: E14 [Austrian, Evolutionary, Institutional]

Shelfmark:: S/M.39.2

Access:: Free access

\ / Strigl, Richard (von) Born Feb.7, 1891 at Rokytzan (Bohemia),died Nov 1941 in Vienna. Studied at University of Vienna, became there Privatdozent (1923) and titular extraordinary professor (1928). Held a leading position in the social administration (labour exchange office). Strigl's first book (1923) was a methodological study on the meaning of economics which anticipated the work of L.Robbins (1931). He regarded all institutional matters, tastes, techniquejas well as wealth distribution as exogenous data and left only the pure logic of choice as the proper subject of economic theory. Although the philosophical nature of the contents of this economic theory remains puzzling (they do not depend on experience yet conclusions about policy are drawn from them), this restrictive view of the subject is perhaps no more than an extreme formulation of a position common to many neo-classicists. If Like Mises, Strigl was a pupil of Bohm-Bawerk whose influence is shown in his Applied Wage Theory (1926), where he argues that trade union power is incapable of improving the position of the working class as a whole. Another work, Capital and Production (1934) starts from B^hm-Bawerks capital theory in an explanation of cyclical crises which, as with Mises and Hayek, are conceived as the result of a preceding overaccumulation of capital. Basically this is viewed in terms of the wages fund theory: An excessive investment in the boom locks up capital in long term investments which can not be unfrozen so as to provide the subsistence for the workers who must then remain unemployed.

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