Carl Menger is considered the father of the Austrian School of Economics. His pioneering work, " Principles of Economics," published in 1871, not only introduced the concept of marginal analysis but also presented a radically new approach to economic analysis, which remains the core of Austrian theory of value and prices. For the beginner, "Principles of Economics" remains an excellent introduction to economic reasoning, and for the expert, it is the classic demonstration of the fundamental principles of the Austrian School. Despite its solid economic content, this work is extremely comprehensible even for readers not specialized in economics. This is due to the author's crystal-clear reasoning, always accompanied by numerous and didactic examples.

Part of a series presenting critical appraisals of influential economists from the age of Aristotle to the present. The individuals examined have shaped both the theory and practice of modern economics. Each volume combines classic statements by economists with the most recent research.

Karl Menger was born in Vienna on January 13, 1902, the only child of two gifted parents. His mother Hermione, nee Andermann (1870-1922), in addition to her musical abilities, wrote and published short stories and novelettes, while his father Carl (1840-1921) was the noted Austrian economist, one of the founders of marginal utility theory. A highly cultured man, and a liberal rationalist in the nine teenth century sense, the elder Menger had witnessed the defeat and humiliation of the old Austrian empire by Bismarck's Prussia, and the subsequent establishment under Prussian leadership of a militaristic, mystically nationalistic, state-capitalist German empire - in effect, the first modern "military-industrial complex. " These events helped frame in him a set of attitudes that he later transmitted to his son, and which included an appreciation of cultural attainments and tolerance and respect for cultural differences, com bined with a deep suspicion of rabid nationalism, particularly the German variety. Also a fascination with structure, whether artistic, scientific, philosophical, or theological, but a rejection of any aura of mysticism or mumbo-jumbo accompanying such structure. Thus the son remarked at least once that the archangels' chant that begins the Prolog im Himmel in Goethe's Faust was perhaps the most viii INTRODUCTION beautiful thing in the German language "but of course it doesn't mean anything.

In diesem Buch versuchen Forscher auf dem Gebiet der Philosophie und der Wirtschaftswissenschaften aus Österreich und Frankreich den Erörterungen Carl Mengers (1840-1921), des Begründers der Österreichischen Schule der Nationalökonomie, nachzugehen. Dabei werden für Menger wichtige und weiterhin aktuelle Themen in den Vordergrund gestellt. Alle Beiträge verfolgen ein Ziel: Menger von seinen Wurzeln her zu verstehen und dazu als Quelle seinen Nachlass aus den Archiven in Japan und den USA mit heranzuziehen. Dieses Buch richtet sich an alle, die Menger anhand seiner eigenen Texte lesen wollen. In this volume, the views of the founder of the Austrian School of economics, Carl Menger (1840-1921), are clarified by various specialists (Austrian and French, economists and philosophers) with the common purpose to understand Menger at his roots. All themes (including his views on liberal creeds, on methodology and theory) surge from a common source: the archives that make up Menger's Nachlass (his private library located in Japan and his notebooks in the USA). This volume is intended for all those who want to read Menger in his texts.

On the Origins of Money is a discussion of the history of money and currency, from its crudest form as cowrie shells, animal pelts, and salt in early societies to the coin and paper money we use today. Rather than focusing on the type or shape of the money, author and economist Carl Menger looks at the reasons behind monetary exchange and why money is so valuable (or where it gets its inherent value). His argument centers on the "saleableness" of the goods or commodities being sold-in other words, the more "saleable" (or valuable or in demand) an item is, the more money it is worth. Hence, money gets its value from the objects it pays for. This short work is an insightful look into the history and value of money for any student or professional economist.