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Carl Menger
Carl Menger, founder of the Austrian School
Born (1840-02-23)23 February 1840
Neu Sandez, Galicia, Austrian Empire
(now Nowy Sącz, Poland)
Died 26 February 1921(1921-02-26) (aged 81)
Nationality Austrian
Field Economics
School or
Austrian School
Alma mater University of Prague
University of Vienna
Jagiellonian University
Influences Étienne Bonnot de Condillac
Adam Smith
Franz Brentano
Contributions Marginal utility

Carl Menger ( 28 February 1840 – 26 February 1921) was an Austrian economist and the founder of the Austrian School of economics. Menger contributed to the development of the theory of marginalism (marginal utility), which rejected the cost-of-production theories of value, such as were developed by the classical economists such as Adam Smith and David Ricardo. As a departure from such, he would go on to call his resultant perspective, the "Subjective Theory of Value".

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