Source: Free Association
by Sheldon Richman
“Menger (1840-1921), a professor at the University of Vienna, launched the Austrian school of economics with his trailblazing Principles of Economics, published in 1871. (It was not translated into English until 1950.) He is famous for being one of three economists who independently and nearly simultaneously shifted economics onto a radically different track: marginal utility. Hence, the term marginal revolution in economics. This was a radical recasting of value and price theory.” (04/04/25)
https://sheldonfreeassociation.blogspot.com/2025/04/tgif-great-carl-menger.html