Wieser, Friedrich Freiherr, (Baron) von (1851–1926)

Abstract

Wieser is commonly cited together with his senior, Carl Menger, and his exact contemporary, Eugen Böhm von Bawerk, as one of the founding trio of the Austrian School of Economics in the last quarter of the 19th century. The exact nature of his achievement, however, seems now practically forgotten: possibly because he produced an intractable mixture of deep and influential insights, very distinctly his own, intermingled with oratorical prose and often unpalatable value judgements; he was extremely successful in his own generation but appeared outdated in his attitudes half a century later.