Who is Philip Wicksteed?

Tags: History of the Austrian School of Economics, Praxeology

07/09/2018 G. P. Manish

G.P. Manish highlights the life and work of Philip Wicksteed, a theologian and scholar from the late 19th and early 20th century. Though not a fan of the free market, Wicksteed made many contributions to Austrian price theory.

Wicksteed recognized that economics is a branch of praxeology, studying human action and choices necessitated by scarcity. Wicksteed placed man—specifically not an all-knowing man, as was in fashion at the time—at the center of economic analysis, siding with Menger in the Marginalist Revolution.

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