Principles of Economics by Carl Menger
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EDITOR’S
NOTE
CARL MENGER’S GRUNDSÄTZE, IN
many respects the locus classicus of the Austrian School of economic theory, was unavailable in
English translation for almost eighty years after its appearance in
German. Now that this translation has fallen out of print, the
Institute for Humane Studies and the New York University Press are
pleased to reprint it.
The continued availability of the Principles at this time is
especially useful inasmuch as our contemporaries—after a long period of
relative neglect—are showing renewed interest in the alternative
insights of the Austrian approach to economic issues and their analysis.
As an introduction to the work of Menger, it is most appropriate to
reprint here also the splendid appreciation of Menger’s place in the
development of economic thought by Professor Friedrich A. Hayek,
himself the outstanding living exponent of Austrian economics. We wish
to express our thanks for his kind permission to include his essay here.
Our thanks go, too, to Richard Ebeling for preparing a brief selected
bibliography which is included in the prefatory matter [below].
Louis M. Spadaro
SELECTED BIBLIOGRAPHY
Henri-Simon
Bloch, “Carl Menger: The Founder of the Austrian School,” Journal
of Political Economy (June, 1940) pp. 428–433
Friedrich A. von
Hayek, “Carl Menger,” Encyclopedia of the Social Sciences, vol.
10 (MacMillan Co. and Free Press, 1968) pp. 124–126
______ “The
Place of Menger’s Grundsätse in the History of Economic
Thought,” New Studies in Philosophy, Politics Economics and the
History of Ideas (University of Chicago Press, 1978) pp. 270–282
J.R. Hicks and
W. Weber, eds., Carl Menger and the AustrianSchoolof
Economics (Oxford: Clarendon Press, 1973)
William
Jaffeé, “Menger, Jevons and Walras De-Homogenized,” Economic
Inquiry (Dec., 1976) pp. 511–524
Israel M.
Kirzner, “The Entrepreneural Role in Menger’s System,” Perception,
Opportunityand Profit: Studies in the Theory of
Entrepreneurship (University of Chicago Press, 1979) pp. 53–75
Delores Tremewan
Martin, “Alternative Views of Mengerian Entrepreneurship,” History
of Political Economy (Summer, 1979) pp. 271–284
Carl Menger, “On
the Origin of Money,” Economic Journal (June, 1892) pp. 239–255
______ “Toward a
Systematic Classification of the Economic Sciences,” [1889] in Essays
in European Economic Thought ed. by Dr. Louise Sommer (Princeton:
D. Van Nostrand Co., Inc. 1961) pp. 1–38
______ Problems
of Economics and Sociology [1883] (Urbana: University of Illinois
Press, 1963)
Ludwig von
Mises, “Carl Menger and the Austrian School of Economics,” The
Clash of Group Interests and Other Essays (New York: Center for
Libertarian Studies, 1978) pp. 23–28
______ The
Historical Setting of the AustrianSchoolof
Economics (New York: Arlington House, 1969)
Joseph A.
Schumpeter, “Carl Menger, 1840–1921,” Ten Great Economists, From
Marx to Keynes (New York: Oxford University Press, l951) pp. 80–90
Albion W. Small,
“Later Phases of the Conflict Between the Historical and the Austrian
Schools,” Origins of Sociology [1924] (New York: Russell &
Russell, 1967) pp. 204–233
George Stigler,
“The Economics of Carl Menger,” Journal of Political Economy
(April, 1937) pp. 229–250; reprinted in Production and
Distribution, The Formative Period (New York: The MacMillan
Co., 1941) pp. 134–157
Erich
Streissler, “To What Extent Was the Austrian School Marginalist?” The
Marginalist Revolution in Economics: Interpretation and Evolution
ed. by R.D. Collison Black, A.W. Coates & Crawford, D.W. Goodwin
(Duke University Press, 1973) pp. 160–175
Leland B.
Yeager, “The Methodology of Henry George and Carl Menger,” The
American Journal of Economics and Sociology (April, 1954) pp.
233–238
“Carl Menger and
Austrian Economics,” Atlantic Economic Journal (Sept., 1978)
contributions by Richard E. Wagner, Samuel Bostaph, Lawrence S. Moss,
Israel M. Kirzner, Harvey Nelson Gram and Vivian Charles Walsh, Ludwig
M. Lachmann and Karen I. Vaughn
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