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Principles of Economics

“There never lived at the same time,” wrote Ludwig von Mises, “more than a score of men whose work contributed anything essential to economics.”1 One of those men was Carl Menger (1840–1921), professor of political economy at the University of Vienna and founder of the Austrian School of economics. Menger’s pathbreaking Grundsätze der Volkswirtschaftslehre (Principles of economics), published in 1871, not only introduced the concept of marginal analysis, it presented a radically new approach to economic analysis, an approach that still forms the core of the Austrian theory of value and price.

  • Category: Principles of Economics
  • Author: Carl Menger
  • Abstract: NA
  • Language: English
  • Document Type: Book
  • Publication Type: NA
  • Publisher: Institute for Humane Studies
  • Publication Location: U.S.A.
  • Date: 2007
  • Volume: 0
  • Page: 321 pages
  • Issue: 0
  • ISSN: 0
  • ISBN: 978-1-933550-12-1

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