Présentation
 
2005 - Volume 46 > Numéro 4

ISSN 0035-2969

Note on Carl Menger’s version of marginalist reasoning
Gilles CAMPAGNOLO

pp. 799-806

 

Carl Menger (1840-1921), founder of the Austrian School, transformed economic value theory by showing that price formation is explained not by production costs (the labor-value relation of classic liberal economics : Smith and Ricardo) but rather the individual’s subjective sense of the utility of the last unit of the desired commodity. This marginal value theory (Grenznutzlehre) gave rise to several interpretations, some of which proceeded by psychological reasoning (using the Weber-Fechner law of psychophysics), interpretations which Weber combated in his 1908 article.

 

 

 
  Rédaction
  Actualités
  Sommaires
  Rechercher
  Publier
  S'abonner
  Indexation
  Accès libre
  Diffusion
 
  English Issue
 
Copyright Revue française de sociologie