Economic Theories
From his book Der Wert Natürliche (Natural Value), published in Vienna in 1889, are extracted two of Wieser's three relevant theories, his Value Theory and the Imputation Theory, although both had had their geneses in previous studies. Adding to his contribution was also the theory originally known as the Alternative Cost Theory (now called the Opportunity Cost Theory), which was published in 1914 in gesellschaftliche Theorie der Wirtschaft (Theory of Social Economy). Finally, also worth mentioning is his monetary theory.
Read more about this topic: Friedrich Von Wieser
Famous quotes containing the words economic and/or theories:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“It takes twenty or so years before a mother can know with any certainty how effective her theories have been—and even then there are surprises. The daily newspapers raise the most frightening questions of all for a mother of sons: Could my once sweet babes ever become violent men? Are my sons really who I think they are?”
—Mary Kay Blakely (20th century)