Principles of economics, Carl Menger
Principles of economics, Carl Menger
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Principles of economics

Author: Carl Menger

Narrator: Jason Smith (Male Synthesized Voice)

Unabridged: 7 hr 48 min

Format: Digital Audiobook Download

Publisher: Loudly

Published: 02/14/2024


Synopsis

"Principles of Economics" by Carl Menger is a seminal work in the field of economics, laying the foundation for the Austrian School of Economics. First published in 1871, Menger's book revolutionized economic thought by emphasizing the subjective nature of economic value and the role of individual preferences in determining prices. Menger's analysis of marginal utility and his explanation of how goods derive their value from their ability to satisfy human wants mark significant departures from classical economic theories prevalent at the time. This book remains essential reading for anyone interested in understanding the fundamentals of economic theory and the origins of modern economic thought.

Reviews

Goodreads review by Patrick

August 2016 - The edition I listened to is not the one I listed in Goodreads. The edition I "read" (listened to actually) is by Laissez Faire Books (www.lfb.org). This book is an absolute classic, first published in 1871. It had been on my "To Read" list for over 40 years, but somehow I never got to......more

Goodreads review by Pedro

Outstanding accomplishment in Economic Theory. Finally I experienced the same feeling as Wieser, Bohm-Bawerk and Mises, who openly admitted this was the book that made them economists. If you approach this with the right state of mind (and not too early in your studies, I venture to add), Menger's m......more

Goodreads review by Marcel

ENGLISH “Principles of Political Economy” is the book that placed Carl Menger among the heads of the so-called “Marginalist Revolution”, along with William Stanley Jevons and Leon Walras — Jevons recognizes that German Hermann Gossen had also addressed the key idea of ​​marginal utility even before h......more

Goodreads review by Clinton

Principles of Economics clarifies the nature of economic value by the real life actions of individual human beings, it also launched the Marginalist Revolution when it corrected theoretical errors in the theory of value of the old economic classical school, for this philosophical thought, Carl Menge......more

A truly revolutionary book. This is Economic's Copernicus setting the foundations of Economics anew. Such a copernican turn that it sets the foundations for value, capital and institutional evolution theory for all other continental (aka "Austrian) economists to follow. The most important economic b......more