How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

02/20/2024 Pedro Goulart

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production.

Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

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