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Von Wieser and Böhm-Bawerk: Austrian Versions of Capital and Distribution Theory

In: A Concise History of Economic Thought

Author

Listed:
  • Gianni Vaggi

    (University of Pavia)

  • Peter Groenewegen

    (University of Sydney)

Abstract

Carl Menger (see Chapter 20) left his two able pupils and colleagues, von Wieser and Böhm-Bawerk to work out details of his theory. Von Wieser did this by developing the theory of imputation as the Austrian version of distribution theory; Böhm-Bawerk developed the insights into capital theory of Menger into his own fundamental account. Together with Menger, von Wieser and Böhm-Bawerk therefore constitute the founders of the Austrian version of marginalist economics.

Suggested Citation

  • Gianni Vaggi & Peter Groenewegen, 2003. "Von Wieser and Böhm-Bawerk: Austrian Versions of Capital and Distribution Theory," Palgrave Macmillan Books, in: A Concise History of Economic Thought, chapter 24, pages 244-251, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50580-3_24
    DOI: 10.1057/9780230505803_24
    as

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