From the author's introduction: The people of the world stand under the principle of power. The whole social entity is governed by power, this being the highest value peoples aspire to and by which they counted, weighed, and judged. But, contrary to
Friedrich von Wieser
An Austrian economist who contributed to the early development of the marginalist or subjectivist school of economic thought in the late nineteenth century.
Latest work
From the Economic Journal , March 1891.
Friedrich von Wieser's Social Economics holds a place in the literature of the Austrian School such as John Stuart Mill's Political Economy holds in the literature of classical theory. It sums up, systematizes, and extends the doctrines developed by
