menu_book Economic Theory
Theoretical frameworks in economics
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"The task of the theoretician in the realm of economy is above all to teach us to understand concrete phenomena of human economy as exemplifications of a certain regularity in the succession of phenomena, i.e., as exemplifications of laws of phenomena."
menu_book Investigations into the Method of the Social Sciences
View Full Quote"Value is nothing inherent in goods and no property of them, but merely the importance we first attribute to the satisfaction of our needs, and in consequence carry over to economic goods as the exclusive causes of the satisfaction of our needs."
menu_book Principles of Economics
View Full Quote"Economics is not a thing of the past, nor is it a thing of the future. It is the science of every kind of human action. Choosing determines all human decisions. In making his choices man determines both his scale of values and the means he employs for the attainment of the ends he is aiming at. Thus economics, as the general science of acting man, reaches far beyond the boundaries of economic science as ordinarily circumscribed."
menu_book Human Action: A Treatise on Economics
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Bitcoin: A Peer-to-Peer Electronic Cash System
The foundational whitepaper introducing Bitcoin as a decentralized digital currency. Proposes a system for electronic transactions without relying ...
Read MoreInvestigations into the Method of the Social Sciences
Menger's methodological work defending the Austrian approach to economics against the German Historical School. This book established the theoretic...
Read MorePrinciples of Economics
Menger's groundbreaking work that founded the Austrian School of Economics, introducing the theory of marginal utility and subjective value. This r...
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psychology Concepts
Time Preference
The economic principle that individuals value goods and services more highly in the present than in the future, all else being equal. This preferen...
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