Book · 1950 · Economics
Principles of economics
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And another book that was a very significant influence and impact on me was the principles of political economics by manger it was truly eye openening or let's say for reading Ogen F.
The best things said about it
And the um the establishment of the austrian school per se came in 1871 150 years ago when karl menger the father of the school wrote a book called principles of economics and essentially invented marginal analysis which is a big deal in economics.
Saifedean Ammous Lex Fridman Podcast · May 2022 Why people recommend it
Principles of Economics by Carl Menger is a foundational economic text that established the Austrian School of Economics and introduced the revolutionary concept of marginalism. On the Lex Fridman Podcast, Javier Milei cited Menger's book as a deeply significant and eye-opening intellectual influence that profoundly shaped his understanding of economic theory. In a separate episode of the same podcast, Saifedean Ammous discussed the historical context of the book's 1871 publication, explaining how Menger effectively invented marginal analysis, which transformed economic thought by shifting focus toward subjective individual value rather than aggregate labor costs. Across these conversations, the speakers emphasized the monumental impact of Menger's work on modern economic science, highlighting how his foundational insights continue to ripple through libertarian philosophy, Austrian market theory, and contemporary discussions regarding monetary policy, price formation, and human action. The podcast episodes underscored the enduring legacy of a text that fundamentally redefined how economists understand scarcity, value, and the spontaneous order of market economies.
Every mention
Javier Milei and another book that was a very significant influence and impact on me was the principles of political eco… 2
“and another book that was a very significant influence and impact on me was the principles of political economics by manger it was truly eye openening or let's say for reading Ogen F”
“and another book that was a very significant influence and impact on me was the principles of political economics by manger it was truly eye openening”
Saifedean Ammous and the um the establishment of the austrian school per se came in 1871 150 years ago when karl menger the… 1
“and the um the establishment of the austrian school per se came in 1871 150 years ago when karl menger the father of the school wrote a book called principles of economics and essentially invented marginal analysis which is a big deal in economics”