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The Empirical and Inductivist Economics of Professor Menger

In: Handbook of the History of Economic Thought

Author

Listed:
  • Karl Milford

    (University of Vienna)

Abstract

Carl Menger was born as Carl Menger von Wolfesgrün on February 23rd, 1840 in Neusandez on the fringes of the Austrian–Hungarian Empire. Today Neusandez is called Nowy Sacz and lies in Poland. He died as Professor Dr. Carl Menger briefly after his 81st birthday on February 26th, 1921 in Vienna, the former capital of the Austrian–Hungarian monarchy. After the Great War, Vienna became the capital of the young Austrian republic in which titles of nobility were generally abolished by law. The precise date of Menger’s refusal to attach the title of nobility “von Wolfesgrün” to his name is not exactly known, but it certainly dates back long before the decline of the Austrian–Hungarian Empire in 1918 and the birth of the new Austrian republic. It rather seems that Menger’s liberal but not libertarian political views had been responsible for this decision.

Suggested Citation

  • Karl Milford, 2012. "The Empirical and Inductivist Economics of Professor Menger," The European Heritage in Economics and the Social Sciences, in: Jürgen Georg Backhaus (ed.), Handbook of the History of Economic Thought, chapter 0, pages 415-436, Springer.
    • Handle: RePEc:spr:euhchp:978-1-4419-8336-7_16
    DOI: 10.1007/978-1-4419-8336-7_16
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    Cited by:

    1. David A. Harper & Anthony M. Endres, 2023. "Menger’s precursors in the German subjective-value tradition and his advancements in the theory of wants and goods," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 36(2), pages 217-245, June.

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