It's the 171st birthday of the founder of the Austrian School of Economics, and his work is still relevant.

Initially, Menger reasoned, people must have traded goods directly against each other in barter. Yet there was a huge difficulty here in finding a “double coincidence of wants,” to use the ...

Carl Menger, an Austrian economist who wrote "Principles of Economics" in 1871, is considered by many to be the founder of the Austrian school of economics.

Here’s one that I doubt you’ve heard before: The founder of the Austrian school of economics, Carl Menger (1840-1921), might have altered the course of events in a way that made possible the ...

Austrian economics comes from the Austrian Empire in the mid-1800s. Austrian economists such as Carl Menger, Ludwig von Mises and Friedrich Hayek believed the free market was the most efficient ...

The subjective theory of value was developed in the late 19th century by economists and thinkers of the time, including Carl Menger and Eugen von Böhm-Bawerk.