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  1. Principles of Economics (German: Grundsätze der Volkswirtschaftslehre; 1871) is a book by economist Carl Menger which is credited with the founding of the Austrian School of economics. It was one of the first modern treatises to advance the theory of marginal utility.

    • Robert H. Frank, Ben S. Bernanke, Hon Kwong Lui
    • 1871
  2. This chapter focuses on Carl Menger's Principles of Economics (Grundsätze der Volkswirthschaftslehre), highlighting important themes of the book. Menger had studied law, receiving his degree in 1867.

  3. While most contemporary economics treatises are turgid and dull, Menger’s book is remarkably easy to read, even today. His prose is lucid, his analysis is logical and systematic, his examples clear and informative. The Principles remains an excellent introduction to eco-nomic reasoning and, for the specialist, the classic statement of the core

  4. Menger’s Principles of Economics: Linking Cause to Effect. Jan 1st, 1871. Menger argues that Smith inflated the importance of the division of labor- - rather, our mastery of cause and effect is the greatest source of wealth. Editor’s Note. Anthony Comegna, PhD. Assistant Editor for Intellectual History. By Carl Menger. Principles of Economics.

  5. 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 con-

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  6. Menger set out to elucidate the precise nature of economic value, and root economics firmly in the real-world actions of individual human beings. For this reason, Carl Menger (1840-1921)...

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  8. Jun 17, 2019 · Principles of economics : First, general part. by. Menger, Carl, 1840-1921. Publication date. 1950. Topics. Economics. Publisher. Glencoe, Ill : Free Press.

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