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Date: | Fri Mar 31 17:19:19 2006 |
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----------------- HES POSTING -----------------
[NOTE: Regarding Bert Mosselmans' posting]
Thanks to all for the information on Gossen.
Menger may have not been a fan of mathematical methods, but he
certainly was a fan of marginal utility theory, it fitting in with his
subjectivist view of value. As Streissler stresses, Menger was very
consciously drawing on this well-established tradition of German
economic literature, a literature either ignored or forgotten by Menger's
successors in the Austrian tradition, a point that Bruce Caldwell could
probably expound upon more knowledgeably than I can.
Streissler in particular in the IEA paper picks on Wieser for claiming
authorship of the concept of opportunity cost. No no no.....
Streissler argues in effect that Menger can be viewed as the last in this
line of German authors, even as he can be viewed as the first in the line
of the Austrians.
Barkley Rosser
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