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Vor 3 Tagen · Carl Menger is widely recognized as one of the economists leading the so-called Marginalist Revolution along with William Stanley Jevons and Léon Walras. There are two other contributions by Menger that are relatively underappreciated and are vital for making sense of the socioeconomic order, including why mankind remains so lost in economic ignorance and tribalistic warmongering.
Vor einem Tag · As the founder of the Austrian School, Carl Menger, pointed out, “Property is not . . . an arbitrarily combined quantity of goods but a direct reflection of [a person’s] needs, an integrated whole, no essential part of which can be diminished or increased without affecting realization of the end it serves.” Thus property is the foundation of human personality—no meaningful motion ...
Vor 2 Tagen · — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) May 28, 2024 Bukele’s pledge to buy one Bitcoin a day has resulted in over $73 million in unrealized profits, while the Latin American country’s plan to become a major player in Bitcoin mining comes with natural resource advantages, such as the famed El Salvadoran volcanoes.
Vor 4 Tagen · Hayeks ökonomisches Denken verlagerte sich vom Sozialismus hin zum klassischen Liberalismus von Carl Menger und der Österreichischen Schule, nachdem er von Mises’ Buch Die Gemeinwirtschaft gelesen hatte. Einige Zeit nach seiner Lektüre, begann Hayek an den privaten Seminaren Mises’ teilzunehmen, wo er bald zum Meisterschüler aufstieg. An Mises’ Privat-Seminar nahmen auch mehrere von ...
Vor einem Tag · Joy of Compounding: Bitcoiner and frequent X user Carl B Menger wrote a wonderful newsletter about why compounding is key because human time is scarce. My favorite quote from the piece is: “The difference between those who fail and those who succeed is their courage to act repeatedly“.
Vor 5 Tagen · Jevons and marginal utility. The concept of marginalism took hold in mainstream economics through the works of Jevons in England, Carl Menger in Austria and Léon Walras in Switzerland.
Vor 3 Tagen · Abstract. This article is a reassessment of the relation between Georg Friedrich Knapp and Modern Monetary Theory, a contemporary strand of economics that, under the term chartalism coined by Knapp, is presented by its proponents as a continuation of his 1905 State Theory of Money.
