Episode 2 of 2

Publication of Principles of Economics

When: 1871
Where: Vienna
Part of: Jevons and Menger publish the founding works of neoclassical economics

Menger published his Principles of Economics in 1871, founding the Austrian school.

Menger's study culminated in 1871 with the publication of Grundsätze der Volkswirtschaftslehre. This work established him as the founder of the Austrian school. It contributed to the marginal theory of value, rejecting classical economics.

Sources

Carl Menger Wikipedia, revision of 2026-10-02

Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.