Austrian Revisionism and the Aristotelian Conception of Value. Biases and Clues for a New Revision

  • Carlos Diego Martínez-Cinca U. de los Andes (Chile)
  • Ricardo Fernando Crespo U. Nacional de Cuyo (Argentina)
Keywords: Aristotle, exchange, justice, reciprocity, revisionism, value in use, value in exchange.

Abstract

Austrian revisionisim contended with classical historiography about the allegedly misunderstanding of market mechanisms by schoolmen who sought for the “just price” based on the Aristotelian conception of value. They argued that the subjective theory of value advanced by the first generation of Austrian economists was rooted in Aristotle. We claim here, although, for a biased reception of the Aristotelian conception of value among Austrian revisionists, and we suggest some clues in order to recover the genuine dimension of the Aristotelian conception of economic value.

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Published
2013-06-06
How to Cite
Martínez-Cinca C. D. y Crespo R. F. (2013). Austrian Revisionism and the Aristotelian Conception of Value. Biases and Clues for a New Revision. Anales del Seminario de Historia de la Filosofía, 30(1), 11-26. https://doi.org/10.5209/rev_ASHF.2013.v30.n1.42449
Section
Estudios