Carl Menger
4 books
About the Author
Carl Menger (1840-1921) was an Austrian economist and philosopher whose groundbreaking ideas laid the foundation for the Austrian School of economics, emphasizing methodological individualism and the subjective theory of value. Born in Galicia, then part of the Austro-Hungarian Empire, Menger studied law before turning to economics, where he revolutionized the field by challenging classical theories with his focus on marginal utility and spontaneous order in markets. His seminal work, Principles of Economics, published in 1871, introduced concepts that influenced generations of thinkers, including Ludwig von Mises and Friedrich Hayek. As a professor at the University of Vienna, Menger mentored key figures in economic thought, leaving an enduring legacy on free-market principles and the critique of historicism in social sciences.
Common genres
Writing style
analytical
precise
philosophical
