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Israel Kirzner

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  • Early Austrian Economics | Israel Kirzner

    Early Austrian Economics

    • UNABRIDGED (2 hrs and 28 mins)
    • By Israel Kirzner
    • Narrated By Louis Rukeyser
    Overall
    (31)
    Performance
    (19)
    Story
    (19)

    Carl Menger (1840-1921) and Eugen von Bohm-Bawerk (1851-1914), working in Vienna in the late nineteenth century, rejected the classical and Marxian ideas that value can be measured objectively. They insisted that the subjective preferences of consumers determine value; this shifted the attention of economic analysis from productive power to consumer demand.

    george says: "An OK Summary"
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