Job #: 100560 Author Name: Backhaus/Drechsler Title of Book: Friedrich Nietzsche (1844-1900) ISBN #: 038732979x Friedrich Nietzsche (1844-1900) Economy and Society The European Heritage inEconomics andthe SocialSciences Editedby: Jürgen G.Backhaus UniversityofErfurt Frank H.Stephen UniversityofManchester Volume1 JosephAloisSchumpeter JürgenG.Backhaus Volume2 TheSouloftheGermanHistoricalSchool: MethodologicalEssaysonSchmoller,Weber,andSchumpeter YuichiShionoya Volume3 FriedrichNietzsche(1844-1900):EconomyandSociety JürgenG.BackhausandWolfgangDrechsler Friedrich Nietzsche (1844-1900) Economy and Society edited by Jürgen G. Backhaus University of Erfurt, Germany and Wolfgang Drechsler Tallinn University of Technology, Estonia LibraryofCongressControlNumber:2006921989 ISBN:10:0-387-32979-X (Printedonacid-freepaper) e-ISBN-10:0-387-32980-3 ISBN-13:978-0387-32979-6 e-ISBN-13:978-0387-32980-2 ©2006SpringerScience+BusinessMedia,LLC. Allrightsreserved.Thisworkmaynotbetranslatedorcopiedinwholeorinpartwithoutthe writtenpermissionofthepublisher(SpringerScience+BusinessMedia,LLC,233SpringStreet, NewYork,NY10013,USA),exceptforbriefexcerptsinconnectionwithreviewsorscholarly analysis.Useinconnectionwithanyformofinformationstorageandretrieval,electronicadap- tation, computer software, or by similar or dissimilar methodology now known or hereafter developedisforbidden. Theuseinthispublicationoftradenames,trademarks,servicemarksandsimilarterms,evenif theyarenotidentifiedassuch,isnottobetakenasanexpressionofopinionastowhetheror nottheyaresubjecttoproprietaryrights. PrintedintheUnitedStatesofAmerica. 987654321 springer.com Table of Contents ListofContributors vii Preface ix 1. FriedrichNietzscheandEconomics:ResearchProblems 1 WolfgangDrechsler 2. TheInfluenceofNietzscheontheHistoryofEconomicThought 9 PeterR.Senn 3. NietzscheandEconomics 39 MarcelA.G.vanMeerhaeghe 4. CreativeDestructioninEconomics:Nietzsche,Sombart, 55 Schumpeter HugoReinertandErikS.Reinert 5. TheWordofHonour 87 JürgenG.Backhaus 6. An‘AlltooHuman’Question:Nietzsche,DieSozialeFrage, 111 andtheGermanHistoricalSchoolofEconomics SophusA.ReinertandErikS.Reinert 7. NietzscheandBusinessEthics 137 MarcelA.G.vanMeerhaeghe 8. OntheAnticipationofKnightianUncertaintyinNietzsche’s 145 GenealogyofMorals StephenJohnNash 9. OntheNietzsche-ReceptionintheGDR 173 UlrichB.Busch 10. WolfgangHarichandFriedrichNietzsche–AChapteroftheEast 191 GermanNietzscheDebate GünterKrause 11. JusticeandEconomyfromHuman,AllTooHumantoThusSpake 209 Zarathustra RainerKattel 12. DemocracyandAristocracyinNietzsche’sLateWritings 229 OttoKaiser Contributors Friedrich Nietzsche (1844-1900): Economy and Society Prof.Dr.Dr.h.c.JürgenG.BackhausLic.jur. Dr.sc.UlrichBusch Prof.Dr.WolfgangDrechsler Prof.Dr.Dr.h.c.mult.OttoKaiser Prof.RainerKattelPhD Prof.Dr.GünterKrause Prof.Dr.MarcelA.G.vanMeerhaeghe Dr.StephenJ.Nash Prof.ErikS.ReinertPhD HugoReinert SophusReinert Prof.Dr.PeterSenn Preface Nietzsche – Economy and Society: The Closed and the Open Questions JürgenG.Backhausa andWolfgangDrechslerb aUniversityofErfurt,Germany bTallinnUniversityofTechnology,Estonia Nietzsche’s impact and influence anywhere in and on our civilization was and is immense.This has by now been widely recognized in almostall areas, eveninthe“hardsciences”(seeBabich1999),butNietzscheisstillcompletely understudiedinthefieldofeconomics.Thisisallthemoresurprisingbecause influencepaths,bothserious(e.g.,JosephA.Schumpeter)andpopones(e.g., AynRand),seemobvious,andbecauseinsomeofhisworks,especiallyMen- schliches, Allzumenschliches (1878-1886), a focus on economics is hard to miss.Itwouldthusbeonlylikelythathehadsomesortofsignificantinfluence there; yet, one can find hardly any references in the Nietzsche or economics literatureonwhatkindofinfluencethatmighthavebeenorstillis.1 To remedy this situation, the idea to plan an exploratory conference on Nietzsche and Economics arose. Because of the difficult and indeed unusual topic, we found it necessary to even start with a pre-conference, where the issues, questions, sources and possible approaches would be discussed. This pre-conference took place in Heilbronn, in the framework of the Heilbronn Symposia on Economics and the Social Sciences, in June 2000. The frame- workwasanobviousone,inasmuchastheHeilbronnSymposia(seeDrechsler 1998,v-vii)wereoriginallyconceivedtoofferaforumforthereconsideration ofatraditionofGermaneconomicandsocialthoughtthathadbecomealmost entirelylost:theHistoricalSchool,whichinpoliticsispartiallysymbioticwith the movements of Socialism of the Chair and State Socialism. This oblivion was all the more astounding because it is this tradition upon which much of the currently dominating socio-economic order in Germany, and to a certain extentinmanyotherplacesaswell,theSocialMarketEconomy,isbased.The taskatHeilbronnisnownotonlytostudythemainprotagonistsoftheHistor- icalSchool,buttoapplytheirmethods andinsights totheproblemsoftoday; inotherwords,tolookfortheircontemporaryrelevance.AsNietzschecanbe x BackhausandDrechsler seen as part of exactly this tradition as well – and this point will be made in thisbook,heverymuchbelongstoHeilbronn. On the basis of these preparations, a regular and very intensive conference then took place in Venice, the city so closely associated with Nietzsche, in January2001.2 ThiswasdoneintheframeworkoftheannualmeetingofThe OtherCanongroup(seewww.othercanon.org),throughthegoodofficesofits convenorandchairman,ErikS.Reinert.ThepaperspresentedinVenicewere thenrevisedonthebasisoftheextensivediscussionandafterwardssubjected to a rigorous peer review; those which passed are contained in the present book. Because of the unusual topic, the review took much longer than usual and explains to a great extent the relatively late publication of this volume. Oneessaybelow,thatbySophusA.andErikS.Reinert,wasespeciallycom- missioned right after the conference, because the discussion had shown that atleastsomeexplorationofNietzscheandKathedersozialistenwasabsolutely necessaryforthetopic. NietzscheisdifficulttoaccessinanylanguageotherthanGerman,andthe olderstandardtranslationsintoEnglisharegenerallyflawed(seealsosegment 2.4inchapterbelow).Still,thepresentbookhadtobeinEnglish,becausethe fact of the matter is that English is the lingua franca of the academic world thesedays,andknowledgethatisnottransmittedinitdoesgetlost.Partofthe mission of the present series, “The European Heritage in Economics and the Social Sciences”, is precisely to make such language-locked thought acces- sible to the international audience. Hence also the presentation of Nietzsche quotes in the running text in a (reliable and up-to-date or personal) English translation and in the notes in the original German (also based on a reliable edition). The editors would like to thank, first,for the support of the Heilbronn pre- conference, the City of Heilbronn, especially the Lord Mayor and the City Council;second,forthesupportoftheVeniceconference,ErikS.Reinertand theNorskInvestorforum. Thisbookcannotbeexhaustive;itcannotevenhopetogiveafulloverview of the issue of Nietzsche and Economics. We believe the topic to be very in- teresting,important,andworthyoffutherresearch,however,andwehopethat thisvolumewillatleastbeastartingpointforthoseinterestedinitssubject– or that it will raise interest in a reader coming accidentally across it. If it will dothis,itwillhavedoneitsjob. NOTES 1. ArareexceptionfromtheNietzscheliteratureisOttmann,1987,esp.pp.124-146. 2. Anatmosphericdescriptionoftheconferenceanditssurroundingsbyoneoftheparticipants isBusch,2001.