Difference between revisions of "Carl Menger"

Revision as of 00:56, March 20, 2007

Carl Menger is a fart in a mitten.

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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]].
+Carl Menger is a fart in a mitten.
-Born in Poland, Menger worked as a journalist until he began to suspect that the classical economists he learned in school did not match the price behavior he observd in the market.  He developed a theory of marginality authored The Theory of Capital (1888) and Money (1892).
 [[Category:Biographies]]
 [[Category:Economics]]