Carl Menger (February 23, 1840 – February 26, 1921) was the founder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility, which contested the cost-of-production theories of value, developed by the classical economists such as Adam Smith and David Ricardo.
Famous quotes containing the word carl:
“Oh no, it wasn’t the aviators, it was beauty that killed the beast.”
—James Creelman, screenwriter, Ruth Rose, screenwriter, Merian Cooper, and Ernest Schoedsack. Carl Denham (Robert Armstrong)