Re-reading Carl Menger’s <i>Grundsätze</i> – another book that “cries out to be surpassed”*
نویسندگان
چکیده
The paper re-assesses (the non-monetary part of) Carl Menger’s Grundsätze (1871). It begins by pointing out that representatives of the so-called “German Use Value School” elaborated theory marginal utility prior to Menger. then turns criticism theories value and distribution classical economists draws attention some important misunderstandings him. After a summary account alternative construction, informs about criticisms put forward against it especially his two main students, Eugen von Böhm-Bawerk Friedrich Wieser. is argued contrary view, relative prices reflect inter alia substances “transmigrate” into commodities in course production. Despite numerous objections levelled at it, are nevertheless “great” work, because invites correct what problematic develop sound.
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ژورنال
عنوان ژورنال: European Journal of The History of Economic Thought
سال: 2022
ISSN: ['0967-2567', '1469-5936']
DOI: https://doi.org/10.1080/09672567.2022.2111450