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Carl Menger still worth reading

February 26, 2011
Carl Menger

Carl Menger (Source: Mises Institute Picasa gallery)

The Christian Science Monitor recently had an article on Carl Menger, founder of the Austrian School of Economics:

“Today is the birthday of Carl Menger, born February 23, 1840. Menger was, of course, the founder of the Austrian School of Economics. His Principles of Economics, a great achievement for its time, is still well worth reading. It conveys like no other book at the time (and unlike most basic texts today) the importance of mind, knowledge, ignorance, causal relationships between goods and wants, and of course marginal utility. I think we can still learn from Menger’s book today, especially about the importance of knowledge in economic development. Austrians should be pleased to have such a great mind as the founder of their school.”

Continue reading at The C.S.Monitor…

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From → Articles, Books

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