Abstract
A quarter century ago historians of economics celebrated the centenary of the “Marginal Revolution in Economics.” Among the three main figures of this revolution, Menger was more fortunate than other two, Jevons and Walras, that he could have a special conference dedicated to him personally in Vienna besides the Bellagio Conference where all the three were honored equally.1 It was around this year that many historians of economics became aware of Meng er’s peculiar position to the later development of standard marginalist analysis.
To quote from German text I used published English translations as far as they were available to me. In case such did not exist I had to translate the text by myself, adding the original in the footnote. However, to every citation I added the page numbers of the original German text.
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Notes
Erich Streissler: “Carl Menger, der deutsche Nationalökonom”, in: B. Schefold (Ed.): Studien zur Entwicklung der ökonomischen Theorie, X (Schriften des Vereins für Socialpolitik, Bd. 115/X), Berlin (Duncker & Humblot) 1990.
Erich Streissler, Monika Streissler (Eds.): Carl Menger’s Lectures to Crown Prince Rudolf of Austria, Alderschot (Elgar) 1994.
See Yukihiko Ikeda: “Carl Menger in the 1860s: Menger on Roscher’s Grundlagen”, in: Gerrit Meuer (Ed.): New Perspectives on Austrian Economics, London (Routledge) 1995. See also Yagi: “Carl Menger’s Grundsätze in the Making”, History of Political Economy, 25 (4), Durham, NC. (Winter) 1993.
Keith Tribe (Governing Economy — The Reformation of German Economic Discourse 1750–1840, Cambridge (Cambridge University Press) 1988, chap. 8 and 9) investigated into the emergence of this type of thought in German economics and saw “a new orthodoxy” in the textbook of K. H. Rau (Lehrbuch der politischen Ökonomie, 1826). To refer Karl Brandt (Geschichte der deutschen Volkswirtschaftslehre, Bd. 1.: Von der Scholastik bis zur klassischen Nationalökonomie Freiburg i. Br. [Haufe] 1992) used “the school of use value” (Gebrauchswertschule), which came from O. Spann’s naming.
Carl Menger: Principles of Economics, trans. by J. Dingwall and B. Hoselitz, Glencoe, Ill. (The Free Press) 1950 (hereafter D/H), p. 49. (Carl Menger: Grundsätze der Volkswirtschaftslehre, 1871, Wien, in: Carl Menger: Gesammelte Werke, edited by F. A. Hayek, Bd. I, Tübingen [Mohr ] 21968 (hereafter GWI), p. X).
Eugen Von Böhm-Bawerk: “Die klassische Nationalökonomie”, in: Gesammelte Schriften, ed. by F. X. Weiß, Bd. 1, Leipzig (Hölder-Pichler-Tempsky) 1924, S. 149–156.
Max Weber: Grundriβ zu den Vorlesungen über allgemeine (“theoretische”) Nationalökonomie: (1898), Tübingen (Mohr) 1990.
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Yagi, K. (1997). Carl Menger and the Historicism in Economics. In: Koslowski, P. (eds) Methodology of the Social Sciences, Ethics, and Economics in the Newer Historical School. Studies in Economic Ethics and Philosophy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-59095-5_10
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DOI: https://doi.org/10.1007/978-3-642-59095-5_10
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