Von Wieser and Böhm-Bawerk: Austrian Versions of Capital and Distribution Theory

Gianni Vaggi and Peter Groenewegen
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Peter Groenewegen: University of Sydney

Chapter 24 in A Concise History of Economic Thought, 2003, pp 244-251 from Palgrave Macmillan

Abstract: Abstract Carl Menger (see Chapter 20) left his two able pupils and colleagues, von Wieser and Böhm-Bawerk to work out details of his theory. Von Wieser did this by developing the theory of imputation as the Austrian version of distribution theory; Böhm-Bawerk developed the insights into capital theory of Menger into his own fundamental account. Together with Menger, von Wieser and Böhm-Bawerk therefore constitute the founders of the Austrian version of marginalist economics.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50580-3_24

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DOI: 10.1057/9780230505803_24

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