Talk:Friedrich von Wieser

Imputation Problem
Maybe somewhere has to be stated that Wieser did not save the imputation problem since he assumed the optimal combination of factors to be given (i,e. assuming that the imputation problem is already solved). As far as I know his disciple Hans Mayer later on did it by combining Clark's and Wieser's formulations. — Preceding unsigned comment added by 80.108.237.159 (talk) 16:56, 21 December 2011 (UTC)

Translated from the Spanish
This is a translation from the Friedrich von Wieser|Spanish-language article.

Translation from the Spanish Page
It doesn't look like anyone else has volunteered to do this translation so I will do it. I was going to start by inserting sections bit by bit, preserving the current English article as the lead. Eventually I will finish and then we'll examine the lead article anew. — Preceding unsigned comment added by Djkernen (talk • contribs) 16:44, 26 April 2011 (UTC)

Currently about 85% finished with the biography; the chapters on his theories remain unstarted. Dave &#91;&#91;WP:NPP&#124;You can help!&#93;&#93; (talk) 20:00, 26 April 2011 (UTC)

Ok now I am finished the Achievements section (called Relevancia del personaje on the Spanish page). Next up, I believe, are the individual sections on his theories.

Peace ... Dave You can help! 00:09, 2 May 2011 (UTC)


 * Ok, as of today the biography section is complete, the theories are about 66% complete. There is also an extensive section on Wieser's work in sociology which is if I remember correctly the last section.

Cheers,

Dave You can help! 00:09, 2 May 2011 (UTC)

Value Theory
In the bullet point about the antinomy of monopolies, I pretty much completely replaced the original Spanish text with my own text. Here is the original Spanish text:

"Antinomia del valor, el monopolio: Admite que la competencia puede llevar al valor de cambio a la rama descendente. No justifica una economía socialista, pero sí intervenciones seleccionadas."

Friedrich von Weiser#teoria de valor

I changed it because the text refers to the descending branch, which makes no sense because it is taken out of context. Wieser refers to the ascending or "upgrade" branch and descending or "downgrade" branch to refer to either side of the apex of the marginal utility curve. He also states that while competition can force prices down in this branch, selected government interventions may be necessary in those rare cases where competition fails to correct. The original Spanish also (in my non-native Spanish speaker opinion) does not make clear the fact that the "doesn't justify socialism" comment refers to the antinomy and not to competition.

The following is an excerpt from my source:

"Wieser was, of course, describing the deleterious effects of monopoly on social util­ity. The antinomy held only insofar as the entrepreneur possessed economic power. Under free competition, as Dupuit indicated earlier, social utility will be maximized, and no antinomy between value and utility will exist. In fact, Wieser concluded that the "economic history of our own time is rich in examples which prove that com­petition can press prices far on the down grade of exchange value."

But what of those cases where competition did not prevail? Though he believed that those instances were too few to justify a socialist economic organization, Wieser advocated "selected" governmental interferences. Wieser, however, noted another important breakdown in the services of exchange value in a real economy. In a self-contained, idealized economy, value in use depends upon utility, and goods are pro­duced according to the rank of their value. Exchange value is, in this case, the mea­sure of personal acquisition."

http://www.economictheories.org/2008/08/friedrich-von-wieser-biography-theory.html Scarlett: History of Economic Theory and Thought, Friedrich von Wieser: Biography Theory, 2009. Retrieved 2 May 2011.

Perhaps an alternative to this would be to go into more details on his theory and elucidate the bit about ascending and descending branches but I am not sure that that much detail is appropriate on a bio page, and I am also not sure that I would be qualified to do that as I am not an economist.

Peace,

Dave You can help! 22:52, 2 May 2011 (UTC) —Preceding unsigned comment added by Djkernen (talk • contribs)

Translation from Spanish Page now complete
I have now completed the Spanish translation of the body of the article. Still to be decided:


 * 1) Should we keep the current lede, or replace it with a translation of the much smaller Spanish-language page's lede?
 * 2) The last paragraph is a quote from the subject's last book. The translation is awful, having been translated from German to Spanish to English. I would feel much more comfortable if we could use the corresponding quote from a published English language translation of the Law of Power. Does anybody have access to this?

Dave You can help! 15:41, 10 May 2011 (UTC)

von, Von, and being consistent
I fixed a couple upper case "Von's". I probably missed a few. As a rule: von's should always be lower case (even when starting a sentence). Also remember that if one is just giving a last name (be it Mises, Hayek or Wieser) if just the last name is given - make sure it is consistent throughout the article in either keeping or omitting the von/van with the name.
 * Thank you for catching that. I think the convention is to omit the von if only the last name is being used. This convention will also alleviate the awkward lowercase "von" as the first word in the sentence. Dave (djkernen)|Talk to me|Please help! 02:35, 21 September 2011 (UTC)

Opportunity Cost
The entrepreneur doesn't necessarily need to know what opportunity/opportunities are being sacrificed for the investment that is ultimately made. The entrepreneur would be content in the knowledge that the investment being made will see a profit that compels action, and if the entrepreneur was choosing between competing investments of three or more, the opportunity cost would be the forgone investment with the highest perceived profit potential of the forgone investments.173.73.135.109 (talk) 11:12, 13 May 2012 (UTC)

propagandistic nonsense
"In fact, after his death, a book was dedicated as a tribute to him, in which prestigious economists collaborated, such as Knut Wicksell, who was persecuted and killed during the Nazi Regime. "

Knut Wicksell died in 1926, in Sweden. No malicious reasons were found. Unless some Aryan Frankensteins were sent by Dr. Mengele via a time machine to kill him with an undetectable method, that statement is false. --41.150.67.16 (talk) 11:23, 4 June 2012 (UTC)

Social economics
The concluding paragraph under the above heading seems to contradict the rest of the section preceding it. In looking to the Salerno text from which the conclusion is drawn, it is clear that Salerno uses the term "communist economy" (lowercase "c" BTW) as an alternate description of Wiesner's "simple economy," which both authors use to describe "an ideal economic subject" and not, as the conclusion suggests, the whole of Wiesner's Theory of Social Economics.

Unfortunately, I lack the expertise to draft an alternative conclusion, though it might describe Wiesner's theory as attempting to reconcile economic reality with simple/communist economic ideals. Perhaps someone with more knowledge of the subject can take that as a jumping-off point.

Tryanmax (talk) 16:13, 11 March 2013 (UTC)

Works
I searched for " Das Wesen und der Hauptinhalt der theoretischen Nationalokonomie" and I found a book attributed to Joseph Schumpeter. I'm a bit confused. Is this the same book and they cooperated on the content or are those two distinct works that just happen to have the same name? --41.151.45.231 (talk) 10:49, 11 April 2015 (UTC)

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