Carl Menger

Carl Menger von Wolfensgrün (/ˈmɛŋɡər/; German: [ˈmɛŋɐ]; 28 February 1840 – 26 February 1921) was an Austrian economist and the founder of the Austrian School of economics. Menger contributed to the development of the theories of marginalism and marginal utility, which rejected cost-of-production theory of value, such as 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.

This article is about the economist. For his son, the mathematician, see Karl Menger.
Carl Menger von Wolfensgrün
Carl Menger von Wolfensgrün, founder of the Austrian School
Born(1840-02-28)28 February 1840
Neu Sandez, Galicia, Austrian Empire
(now Nowy Sącz, Poland)
Died26 February 1921(1921-02-26) (aged 80)
Vienna, Austria
NationalityAustrian
Academic career
FieldEconomics
School or
tradition		Austrian School
Alma materUniversity of Prague
University of Vienna
Jagiellonian University
Other notable studentsPrince Rudolf
Influences
ContributionsMarginal utility, Subjective theory of value
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