As Kevin Mulligan, more than anyone else, has demonstrated, there is a distinction within the philosophy of the German-speaking world between two principal currents: of idealism or transcendentalism, characteristic of Northern Germany, on the one hand; and of realism or objectivism, characteristic of Austria and the South, on the other. We explore some of the implications of this distinction with reference to the influence of Austrian (and German) philosophy on philosophical developments in Hungary, focusing on the work of Ákos von Pauler, and especially on Pauler's reading of Wittgenstein's Tractatus.