Menger’s Principles of Economics is a remarkable book. Most of what is found in the great systematic treatises by Mises and Rothbard is treated in almost precisely the same way as Menger treated them in 1871. So, it is not surprising that Boehm-Bawerk could declare by 1891 that Menger’s system had spanned the chasm between microeconomics and macroeconomics, finally establishing economics as a true science. It was the book that made Mises an economist, and it can do the same for serious intellectuals in our generation. [Full article]
Source link: http://archive.mises.org/2720/the-continuing-relevance-of-menger/
The Continuing Relevance of Menger
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{ 5 comments }
Gil, nice piece. I need to read me some Menger, me.
I really like Menger’s beard. That’s what drew me to his work.
His name is much, much easier to pronounce than Mises or Bohm-Bawhwerk, also.
Yeah, when I say the “Boehm” of “Boehm-Bawerk” it sounds like Hayek my guts out, and Mises pieces cover the floor. There’s got to be a better way.
My guess is pronouncing Menger is not as easy as it seems. ‘Men’ sounds like the beginning of ‘manager’ followed by a ‘g’ as in ‘organize’.
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