What Can Carl Menger Teach Us about Falafel Sandwiches?

Tags: Austrian Economics Overview, Prices, Production Theory

05/14/2024 Adnan Al-Abbar

What better way to explain the relationship between higher-order and lower-order goods than with food? Here, we look at the falafel sandwich.

Original Article: What Can Carl Menger Teach Us about Falafel Sandwiches?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.