Principles Of Economics by Carl Menger
This foundational work in economic theory introduces the concept of marginal utility, laying the groundwork for the Austrian School of Economics. It explores how individual choices and subjective values determine the allocation of resources, emphasizing the importance of understanding human behavior in economic analysis. The book challenges classical economic theories by focusing on the role of individual decision-making processes and the subjective nature of value, offering a fresh perspective on how markets operate and prices are determined.
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- Published
- 1871
- Nationality
- Austrian
- Length
- Short
- Pages
- 200-300
- Original Language
- German
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- Alternate Titles
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