Economic Theories
From his book Der Wert Natürliche (Natural Value), published in Vienna in 1889, are extracted two of Wieser's three relevant theories, his Value Theory and the Imputation Theory, although both had had their geneses in previous studies. Adding to his contribution was also the theory originally known as the Alternative Cost Theory (now called the Opportunity Cost Theory), which was published in 1914 in gesellschaftliche Theorie der Wirtschaft (Theory of Social Economy). Finally, also worth mentioning is his monetary theory.
Read more about this topic: Friedrich Von Wieser
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