Document Type : Research Paper

Authors

• Seyyed Esmaeil Masoudi ¹
• Alireza Raanaei ²
• Seyyed Aqil Hoseiny ³

¹ Shiraz University

² Shiraz university

³ Yasouj University

Abstract

Methodenstreit significantly shaped the 19th-century humanities, impacting the evolution of disciplines like sociology and economics. This study explores Max Weber's methodological response, particularly his pioneering development of "social economics," and its influence on the humanities. Weber's key contribution was the introduction of "economic sociology," serving as a bridge between economic theory and historical analysis. Our research reveals that the Austrian School, particularly through the work of von Hayek and his successors, most notably engaged with Weber's concepts. This paper examines Methodenstreit's role in shaping Hayek's thought, depicting him as a proponent of a unique Austrian social economics variant, both resonant with and distinct from Weber's approach. While Hayek champions the free market's spontaneous order as the foundation for social structure and well-being, Weber considers it a normative option. The study suggests that Weber's adaptable social economics, which regards the market order as a choice, may offer more relevant insights for formulating Iran's economic and social policies than Hayek's rigid political economy.

Keywords

• Methodenstreit
• Max Weber
• Social Economics
• Von Hayek
• Political Economy