Carl Menger, Date of Birth, Place of Birth, Date of Death


Carl Menger

founder of the Austrian School of economics

Date of Birth: 23-Feb-1840

Place of Birth: Nowy Sącz, Lesser Poland Voivodeship, Poland

Date of Death: 26-Feb-1921

Profession: professor, economist

Nationality: Austria

Zodiac Sign: Pisces

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About Carl Menger

  • Carl Menger (; German: ['m???]; February 23, 1840 – February 26, 1921) was an Austrian economist and the founder of the Austrian School of economics.
  • Menger contributed to the development of the theory of marginalism (marginal utility), which rejected the cost-of-production theories of value, such as were developed by the classical economists such as Adam Smith and David Ricardo.
  • As a departure from such, he would go on to call his resultant perspective, the “Subjective Theory of Value”.

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