Economic valuation, as such, is only meaningful when related to the possible employments of an economic good, and such employment can only be carried out by acting human beings.
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.”