Principles of economics

Written by Carl Menger

Narrated by Jason Smith (Male Synthesized Voice)

"Principles of Economics" by Carl Menger is a seminal work in the field of economics, laying the foundation for the Austrian School of Economics. First published in 1871, Menger's book revolutionized economic thought by emphasizing the subjective nature of economic value and the role of individual preferences in determining prices. Menger's analysis of marginal utility and his explanation of how goods derive their value from their ability to satisfy human wants mark significant departures from classical economic theories prevalent at the time. This book remains essential reading for anyone interested in understanding the fundamentals of economic theory and the origins of modern economic thought.

• Language: English
• Publisher: Loudly
• Release date: Feb 14, 2024
• ISBN: 9798868752742

Carl Menger

CARL MENGER (1840-1921) was an Austrian economist, scholar, and author. He founded and taught at the Austrian School of Economics, where he authored several publications, mostly about the theory of marginal utility, which was directly in opposition to the then-favored cost-production theory of value, and which sparked controversy with his German colleagues. Before he retired from teaching to focus on research and study, Menger was appointed as the head of a commission to reform the Austrian monetary system. It was during this time that he wrote several well-known pieces about the purpose and origin of money and capital.