Principles of Economics, first published in 1871, is the founding text of the Austrian school of economics. Carl Menger set out an early theory of subjective marginal utility, arguing that the value of a good derives from individual human judgment about its usefulness rather than from the labor or cost required to produce it, and he traced the origin of money to unplanned individual exchange rather than government design.
Facts
AuthorCarl Menger
Publication Year1871
Source Typeprimary-text
Sources
Principles of Economics
Carl Menger, 1871
Claims Backed By This Source (21 claims)
This source backs 21 claims across the atlas. As facts: 11 well-attested. As cited relationships: 4 holds, 1 connected. Plus 5 entities citing it as a general reference with no single fact or relationship attached.
Disposition By Topic
- Articles, 7 claims: 4 well-attested, 1 connected, 2 general references.
- Concepts, 6 claims: 2 well-attested, 3 holds, 1 general references.
- Sources, 4 claims: 4 well-attested.
- Economists, 2 claims: 1 holds, 1 general references.
- Schools of Thought, 2 claims: 1 well-attested, 1 general references.
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