Investigations into the Methods of Social Sciences - Carl Menger's Economic Methodology

Get the Book: https://amzn.to/4gjWqe5
Dive into Carl Menger’s Investigations into the Method of the Social Sciences (1883), a foundational text that redefined economic methodology. In this video, we explore Menger’s groundbreaking ideas, including the rejection of natural science methods for studying social phenomena. Menger emphasizes the importance of individual action, subjective values, and the unique complexity of human decision-making in shaping markets, laws, and institutions. Discover how Menger’s focus on methodological individualism and his critique of rigid models revolutionized the way economists approach the study of human behavior. Learn about the historic Methodenstreit, a debate that reshaped economic thought, and why Menger’s ideas remain vital for understanding economics today. Whether you’re new to the Austrian School or curious about the philosophy of economics, this video offers a clear introduction to Menger’s profound insights. Check the description for links to the original work and further resources!
00:00 - Introduction to Investigations into the Method of the Social Sciences by Carl Menger
00:47 - Importance of the book today
01:12 - Individual Action – The Core of Social Phenomena
01:59 - Subjectivity and the Study of Economics
02:45 - The Role of Theory in Social Sciences
03:46 - Why read The Role of Theory in Social Sciences?