The Review of Austrian Economics

, Volume 28, Issue 3, pp 357–359 | Cite as

Richard W. Wagner: Mind, Society and Human Action: Time and Knowledge in a Theory of Social Economy

New York: Routledge, 2010, $49.95 (paper) xv + 208 Pages
  • Peter Lewin

Richard Wagner has written a remarkable book, one to which it is difficult to do justice within the scope of a short review.1 The difficulty is twofold. Firstly, the book is so rich in insights and nuggets of delightful clarity. How is one to convey even the flavor without extensive use of excerpts and quotations? I will resist and rest content with the observation that one has to read the book to fully appreciate this aspect. Secondly, the book is difficult to characterize. Wagner protests that it is not a work by a card-carrying Austrian. Its origins date to the opportunity presented to him to teach Austrian economics for a few semesters and the chapters reflect the themes examined in that course. But, Wagner tells us, he came to this not as a traditional Austrian scholar and in some respects writes as an outsider to that tradition. Hence his distinction between Austrian and Mengerian, the latter being his characterization of his approach.

Clearly there is no denying the reality of...


  1. Hayek, F. A. (1955). The counter revolution of science. Glencoe, Ill.: The Free Press. Google Scholar
  2. Wagner, R. W. (2007). Fiscal sociology and the theory of public finance. Cheltenham: Edward Elgar.CrossRefGoogle Scholar
  3. Wagner, R. W. (2012a). Deficits, debt, and democracy: wrestling with tragedy on the fiscal common. Cheltenham: Edward Elgar.CrossRefGoogle Scholar
  4. Wagner, R. W. (2012b). A macro economy as an ecology of plans. Journal of Economic Behavior and Organization, 82, 433–444.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.UTDRichardsonUSA

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