Full text: Strigl, Richard (von)

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. 
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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