Abstract
Carl Menger is known as one of the co-founders, along with W.S. Jevons and Leon Walras, of marginal utility analysis. As such, he can be counted as one of the originators of modern neoclassical economics. He is also recognized as the founder of the Austrian School of economics which developed a distinct tradition of economic thought over the century following his writing.
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Bibliographic Addendum
See also Alter, M. 1990. Carl Menger and the origins of Austrian economics. Boulder: Westview Press, Different facets of Menger’s work are discussed in B. Caldwell, ed., Carl Menger and his legacy in economics. Durham: Duke University Press, 1991. M. Latzer and S. Schmitz, eds., Carl Menger and the evolution of payments systems. Cheltenham: Edward Elgar, 2002, provides the first English translation of Menger’s ‘Geld’ as well as essays both evaluating Menger’s views on monetary systems and applying them to contemporaneous issues.
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Vaughn, K.I. (2018). Menger, Carl (1840–1921). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1227
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1227
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