Investigations into the Method of the Social Sciences

by Carl Menger INTRODUCTION TO THE NEW YORK UNIVERSITY PRESS EDITION It is a rare book in economics that deserves to be translated into English as much as eighty years after its initial publication. The book that actually receives such attention after so many years almost ipso facto qualifies as a classic. 1 Carl Menger‘s Untersuchungen uber die Methode der […]

A Biography of Carl Menger

The Founder of the Austrian School (1840-1921) by Joseph T. Salerno “All things are subject to the law of cause and effect. This great principle knows no exception.” INTRODUCTION Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger (1840-1921) was the true and sole founder of the Austrian school of economics proper. He […]

Principles of Economics

PREFACE THE IMPARTIAL OBSERVER CAN have no doubt about the reason our generation pays general and enthusiastic tribute to progress in the field of the natural sciences, while economic science receives little attention and its value is seriously questioned by the very men in society to whom it should provide a guide for practical action. […]