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Source link: http://archive.mises.org/7177/last-knight-live-
blog-5-kraus/  Last Knight Live Blog 5 Kraus  September 19, 2007
by  The problem of “psychologismâ€ or psychological approach to
economic theory and its significance in writings of earlier
Austrian economists (Menger, Böhm-Bawerk, and Wieser) as well as
to theories of three eminent founders of the neoclassical school
â€“ Gossen, Jevons, and Walras (thereafter GJW), constitutes a
major element in chapter 4 and is subject of today’s (critical)
post. While Menger and Böhm-Bawerk clearly retained here and
there some significant elements of psychological approach in
their writings, it was Mises who grew increasingly unsatisfied
with the characterization of economics as applied branch of
psychology and sought to draw a sharp line between the two. But
in case of Menger, Böhm-Bawerk, and certainly of Wieser, we
observe ambivalence about the exact place of psychology in
economics. On p. 157, fn.