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Cover: Carl Menger portrait is courtesy of The Warren J. Samuels Portrait Collection at Duke University.
Copyright © 1976 by the Institute for Humane Studies
Foreword Copyright © 2007 by the Ludwig von Mises Institute
Reprinted in 2007 by the Ludwig von Mises Institute
Ludwig von Mises Institute
518 West Magnolia Avenue
Auburn, Ala. 36832 U.S.A.
www.mises.org
Foreword by Peter G. Klein
FOREWORD |
BY PETER G. KLEIN |
Introduction by F.A. Hayek
Translator’s Preface
TRANSLATOR’S
PREFACE
PRINCIPLES OF
ECONOMICS
Dedic
Dedicated by the author
with respectful esteem
to
DR. WILHEM ROSCHER
Royal Saxonian Councillor
Professor of Political and Cameral Sciences
at the
University of Leipzig
Author’s Preface
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.
I. The General Theory of the Good
CHAPTER I
THE GENERAL THEORY OF THE GOOD
1.
The General Theory of the Good
II. Economy and Economic Goods
CHAPTER II
ECONOMY AND
ECONOMIC GOODS
III. The Theory of Value
CHAPTER III
THE THEORY
OF VALUE
1.
The Nature and Origin of Value