Difference between revisions of "Carl Menger"
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| − | + | Carl Menger (1840–1921) founded the [[Austrian School of Economics]] (also known as neoclassical school of economics). He developed the theory of marginal utility. He refuted the labor theory of value popularized by classical economists like [[David Ricardo]]. | |
Revision as of 00:59, March 20, 2007
Carl Menger (1840–1921) founded the Austrian School of Economics (also known as neoclassical school of economics). He developed the theory of marginal utility. He refuted the labor theory of value popularized by classical economists like David Ricardo.