The Economics of Carl Menger

  title={The Economics of Carl Menger},
  author={G. Stigler},
  journal={Journal of Political Economy},
  pages={229 - 250}
  • G. Stigler
  • Published 1937
  • Economics
  • Journal of Political Economy
F NOR a long generation Carl Menger has been in AngloSaxon countries a famous but seldom read economist. Historians of economic thought always give to him at least honorable mention as the man who, with Jevons and Walras, rediscovered and popularized the theory of subjective value. But the barriers of inaccessibility and language have served effectively to hide all but the barest outlines of his work from the bulk of English-speaking students of economics. None of Menger's writings has been… Expand
Carl Menger: Contribution to the Theory of Capital (1888), Section V
  • E. Braun
  • Economics
  • Journal of Institutional Economics
  • 2020
Editorial introduction Carl Menger is an important and well-known figure in the history of economic thought. His habilitation thesis, Principles of Economics (1871) and his book on method,Expand
Carl Menger's Theory of Exchange
In his Principles of Economics Carl Menger presented the causal laws by which individuals alone and in association with others provide for their needs. (1) Menger offered an explanation of how basicExpand
Menger, Böhm-Bawerk, and Wieser: The Origins of the Austrian School
The Austrian School of Economics, created by Carl Menger and continued by Eugen Bohm von Bawerk and Friedrich von Wieser, started as one of the three branches of the marginalist or neoclassicalExpand
George Stigler: Adam Smith's Best Friend
Let me begin by admitting that I had to overcome a certain amount of diffidence in preparing this paper. George Stigler was, of course, one of the great economists of his generation, and his writingsExpand
Carl Menger’s Contribution to Capital Theory
The common interpretation of Carl Menger’s take on capital theory rests upon a few sentences in his Principles of Economics. His later monograph on the topic, Zur Theorie des Kapitals (A contributionExpand
The German Historical School of Economics and the Foundations and Development of the Austrian School of Economics
Despite its status as the world’s leading school of economics during the second half of the nineteenth century, it is now generally accepted that within the contemporary mainstream, the GHSE has theExpand
Were Jevons, Menger and Walras Really Cardinalists? On the Notion of Measurement in Utility Theory, Psychology, Mathematics and Other Disciplines, ca. 1870-1910
The paper argues that the canonical dichotomy between cardinal utility and ordinal utility is inadequate to tell the history of utility theory, and that a third form of utility consistent with theExpand
Social Needs, Social Goods, and Human Associations in the Second Edition of Carl Menger’s Principles
This article deals with the contents of the second edition of Carl Menger’s Principles of Economics (1923), which was neither reprinted in German by Hayek in 1934 nor translated into English byExpand
This contribution argues that Menger’s Grundsatze ground economic subjectivism in cognitive features. It elaborates on need-satisfaction in relation with the use value of goods. It details theExpand
German Political Economy: The History of an Alternative Economics
Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thoughtExpand