Carl Menger

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Carl Menger von Wolfensgrün
Carl Menger von Wolfensgrün, founder of the Austrian School
Born	(1840-02-28)28 February 1840 Neu Sandez, Galicia, Austrian Empire (now Nowy Sącz, Poland)
Died	26 February 1921(1921-02-26) (aged 80) Vienna, Austria
Nationality	Austrian
Academic career
Field	Economics
School or tradition	Austrian School
Alma mater	University of Prague University of Vienna Jagiellonian University
Other notable students	Prince Rudolf
Influences	Aristotle Condillac Smith Kant Brentano[1] Spencer
Contributions	Marginal utility, Subjective theory of value

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Carl Menger von Wolfensgrün^[2] (/ˈmɛŋɡər/; German: [ˈmɛŋɐ]; 28 February 1840^[3] – 26 February 1921) was an Austrian economist and the founder of the Austrian School of economics. Menger contributed to the development of the theories of marginalism and marginal utility,^[4] which rejected cost-of-production theory of value, such as developed by the classical economists such as Adam Smith and David Ricardo. As a departure from such, he would go on to call his resultant perspective, the subjective theory of value.^[5]