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Ideologies / Libertarian Capitalist / Carl Menger
Carl Menger — ink portrait
§ The minds · 1840–1921 · Austria · Economist

Carl Menger

Founder of the Austrian School

Value is subjective.

Libertarian Capitalist →
Economic+92
SocialistMarket
Governance−26
LibertarianAuthoritarian
Social−12
TraditionalProgressive
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The economist who launched the Marginal Revolution and the Austrian School, grounding all economic value in the subjective choices of individuals — the bedrock of the free-market tradition.

social

19th-century European liberal, culturally restrained.

economic

Founded marginalism — value flows from individual subjective preference, not labour.

governance

Classical-liberal limited state.

Notable for
  • Founded the Austrian School
  • 'Principles of Economics' (1871)
  • The Marginal Revolution
marginalismsubjective-valueaustrian-school
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Hank Rearden
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Israel Kirzner
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