[This is an excerpt from Richard von Strigl’s 1937 textbook Einführung in die Grundlagen der Nationalökonomie , as found in chapter 3, part 5: “Die Lehre vom wirtschaftlichen Werte.” It is here...
Richard von Strigl
Richard von Strigl (1891–1942) studied economics at the University of Vienna under Eugen von Bohm-Bawerk. Strigl was the author of pioneering studies on economic theory, applied economics, capital theory, and the relationship between theoretical and historical research. His work Kapital und Produktion was as a key contribution to technical economic theory. It was first published in 1934 by the former Austrian Institute for Business Cycle Research in its series “Contributions to Business Cycle Research.”
