Carl Menger

Carl Menger von Wolfensgrün
Carl Menger von Wolfensgrün, founder of the Austrian school
Born	(1840-02-28)28 February 1840 Neu Sandez, Galicia, Austrian Empire (now Nowy Sącz, Poland)
Died	26 February 1921(1921-02-26) (aged 80) Vienna, Austria
Resting place	Vienna Central Cemetery[1]
Nationality	Austrian
Field	Economics
School or tradition	Austrian school
Alma mater	Charles University, Prague University of Vienna Jagiellonian University
Influences	Aristotle Condillac Smith Kant Brentano[2] Spencer
Contributions	Marginal utility, subjective theory of value

Carl Menger von Wolfensgrün^[3] (28 February 1840 – 26 February 1921) was an Austrian economist who is considered to be one of leaders of the 1870s "Marginalist Revolution".^[4] He formulated the subjective theory of value and further developed the theory of marginal utility.^[5]

His works on the analysis of entrepreneurship were not very famous than his works on individualism, money, and how institutions work.^[6] Unlike his contemporaries such as Stanley Jevons and Léon Walras, he founded a "school of thought" which is the Austrian school of economics.^[4]

1. ↑ "Ehrengräber Gruppe 0", viennatouristguide.at
2. ↑ Barry Smith, "Aristotle, Menger, Mises: An Essay in the Metaphysics of Economics" Archived 2020-11-13 at the Wayback Machine, History of Political Economy, Annual Supplement to vol. 22 (1990), 263–288.
3. ↑ "Carl Menger von Wolfensgrün, o. Univ.-Prof. Dr". 650 Plus. 28 June 2014. Retrieved November 19, 2021.
4. ↑ ^{4.0 4.1} "Carl Menger". www.hetwebsite.net. Retrieved 2024-10-15.
5. ↑ "Britannica Money". www.britannica.com. Retrieved 2024-10-15.
6. ↑ Campagnolo, Gilles (2022-09-03). "Carl Menger on time and entrepreneurship". The European Journal of the History of Economic Thought. 29 (5): 817–835. doi:10.1080/09672567.2022.2111451. ISSN 0967-2567.