Elisabeth Nemeth

Why concern oneself with Otto Neurath’s economic thought in its historical context? Could anything be more out of fashion than a theory proposing a centrally managed planned economy? Than the views of a theorist whose ideas on in-kind economic planning drove the notion of economic planning to its utmost extreme ? Indeed, Neurath’s ideas appeared too radical and utopian even for the social democrats of the 1920s. So why give even a second thought to them today? Would it not be better to follow the advice a colleague gave me in the 1980s and to pass over Neurath’s “youthful sins” silently so as not to tarnish the reputation that – finally, after a lengthy delay – has been accredited to Neurath for his impressive philosophical achievements within the framework of logical empiricism?In the years since the 1980s, however, Neurath’s economic writings have attracted much more interest than anyone would previously have suspected. Today we are aware of the fact that Neurath formulated ideas at an unexpectedly early stage that are currently relevant in ecological economy, social choice theory and developmental economy. And that his reflections vis-à-vis “associational socialism” could provide interesting impulses for a new theory of socialism. Viewed from this perspective, Neurath’s status is secure as a precursor of theoretical developments and debates that are in full swing today. But is that enough? After all, if the role of the precursor is an endearing one, isn’t it also quite thankless? For even in the areas in which Neurath can be regarded as a precursor, the relevant questions are posed today with far greater precision and with reference to current facts – so why should anyone concern oneself with a precursor whose fundamental assumptions differ so greatly from those of the overwhelming majority of economists working today?

Eine plarmiäßig gestaltete Naturalwütschaft setzt an die Stelle der abstrakten Eiiüieit des Geldes und des Marktes eine konkrete Einheitlichkeit, die das Ergebnis von Beratungen und Entscheidungen ist. Da diese Eiiüieitlichkeit nicht auf ein Prinzip (das Geld) zurückgeführt werden kann, wüd in üir das "naturale Wesen aller Leistungen" einerseits und die Abhängigkeit der Wirtschaftsordnung von Machtverhältnissen andrerseits sichtbar. Ebenso soll die Eirüieitswissenschaft an die Stelle der abstrakten Eirüieit des phüosophischen Systems eine lebendige Verknüpfung des historisch gegebenen wissenschaftlichen Wissens setzen und es so als Ergebnis "schöpferischer Tat" sichtbar und verfügbar machen.

The present book aims at clarifying which of Neurath’s ideas remain of relevance today and how these are interrelated. The method chosen is to elucidate their biographical and general historical background and to put them into the framework of the academic and political controversies of their time. This contextual approach yields results that are not just of antiquarian interest. It also enables the reconstruction of the theoretical thrust and continuing practical relevance of a thinker whose ideas were obscured by the catastrophes of the twentieth century. Neurath wanted to demonstrate by his own work in economics that scientific thinking always offers a number of different alternatives and that one must proceed towards applications in full awareness of this fact. In this respect, Neurath’s thought is unusually demanding.With perplexity in political and intellectual life becoming ever more widespread as the twenty-first century progresses, it strikes us as very useful to step back and reconstruct a type of thinking in the social sciences that goes back to the discussion on the big conflicts of the twentieth century but which does not accept as inescapable the intellectual alternatives seemingly cemented in these conflicts.The book is structured so that it first addresses the question why the study of Neurath’s contributions to economics in the context of his time is a worthwhile endeavour today. After all, the overwhelming majority of today’s economists regard his contributions as out-dated and largely irrelevant for the continuing development of their discipline