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Welcome on the English version of our (draft) Website dedicated to Carl Menger !

Carl Menger (/ˈmɛŋɡər/; German: [ˈmɛŋɐ]; February 23, 1840 – February 26, 1921) was an Austrian economist and the founder of the Austrian School of economics. Menger contributed to the development of the theory of marginalism (marginal utility), which rejected the cost-of-production theories of value, such as were developed by the classical economists such as Adam Smith and David Ricardo. Menger used his “Subjective Theory of Value” to arrive at what he considered one of the most powerful insights in economics: both sides gain from exchange.

Main Works

Année Original name English translation
1871 Grundsätze der Volkswirtschaftslehre Principles of economics
1883 Untersuchungen über die Methode der Socialwissenschaften und der politischen Oekonomie insbesondere Investigations into the Method of the Social Sciences with Special Reference to Economics
1884 Die Irrthümer des Historismus in der deutschen Nationalökonomie The Errors of Historicism in German Economics
1888 Zur Theorie des Kapitals The Theory of Capital
1889 Grundzüge einer Klassifikation der Wirtschaftswissenschaften Principles of a Classification of the Theories on Economics
1892 On the Origins of Money
1923 (posth.) Grundsätze der Volkswirtschaftslehre Principles of economics


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