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Carl Menger Quotes

1840–1921 Austria

Carl Menger (February 23, 1840 – February 26, 1921) was an Austrian economist, known as founder of the Austrian School of economics. Menger contributed to the development of the theory of marginal utility, which contested the cost-of-production theories of value, developed by the classical economists such as Adam Smith and David Ricardo.

Austria
Economists

Also known as: Menger, Carl

Random Carl Menger quote

4 quotes

The time period lying between command of goods of a higher order and possession of the corresponding goods of lower order can never be eliminated.

There is no better means of reducing a fallacious variety of thought to absurdity than to let it live itself out completely.

How can it be that institutions which serve the common welfare and are extremely significant for its development come into being without a common will directed toward establishing them?

The solution of the most important problems of the theoretical social sciences in general and of theoretical economics in particular is thus, closely connected with the question of theoretically understanding the origin and change of 'organically' created social structures.

Attribution

Quotes and notes from Wikiquote: Carl Menger (page history), available under CC BY-SA 4.0.