Carl Menger (February 23, 1840 – February 26, 1921) was the founder of the Austrian School of economics, famous for contributing to the development of the theory of marginal utility, which contested the cost-of-production theories of value, developed by the classical economists such as Adam Smith and David Ricardo.
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“The millere was a stout carl for the nones;”
—Geoffrey Chaucer (1340?–1400)
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