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Carl Menger, (born February 23, 1840, Neu-Sandec, Galicia, Austrian Empire [now Nowy Sącz, Poland]—died February 26, 1921, Vienna, Austria), Austrian economist who contributed to the development of the marginal utility theory and to the formulation of a subjective theory of value.

Carl Menger. 1840-1921. C arl Menger has the twin distinctions of being the founder of Austrian economics and a cofounder of the marginal utility revolution. Menger worked separately from William Jevons and Leon Walras and reached similar conclusions by a different method.

Austrian school of economics, body of economic theory developed in the late 19th century by Austrian economists who, in determining the value of a product, emphasized the importance of its utility to the consumer. Carl Menger published the new theory of value in 1871, the same year in which English economist William Stanley Jevons independently ...

Carl Menger (1840-1921), economic theorist and founder of the Austrian school of marginal analysis, was both the most influential and the least read of the major figures who gave economic theory the shape it preserved from about 1885 to 1935. There is little doubt that it was his immediate disciples who cast microeconomic theory into the form ...

Carl Menger founded the Austrian School of economics. Menger, along with Jevons and Walras, published a work in 1871 which revolutionized the way economists viewed value and price theory by introducing innovations in the theory of marginal utility.

13 January 1902 Vienna, Austria Died 5 October 1985 Chicago, Illinois, USA Summary Karl Menger was an Austrian-American mathematician who worked on algebras, geometries, curve and dimension theory. He also contributed to game theory and social sciences. View five larger pictures Biography

Carl Menger founded the Austrian School of economics. Menger, along with Jevons and Walras, published a work in 1871 which revolutionized the way economists viewed value and price theory by introducing innovations in the theory of marginal utility.

Carl Menger: A Biographical Appreciation by Friedrich von Wieser. At a ripe old age – three days after he had reached the age of 81 – Carl Menger, the founder of the Austrian School of Economics, died on February 26, 1921. Carl Menger came from a family of Austrian civil servants and officers.