Carl Menger is remembered today as the founder of the Austrian School of Economics and one of the most important economic thinkers in history. His 1871 masterpiece, Principles of Economics, launched ...

REPRINT. In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange ...

Explore Austrian economics, its key principles, the works of Menger and Hayek, and its enduring influence on economic thought ...

Carl Menger von Wolfensgrün was an Austrian economist who contributed to the marginal theory of value. Menger is considered the founder of the Austrian school of economics.

Over the past ten years, fervent supporters of digital currency have engaged in intense debates: Is bitcoin (BTC) designed as peer-to-peer electronic cash as illustrated in Satoshi’s groundbreaking ...