[This is an excerpt from Richard von Strigl’s 1937 textbook Einführung in die Grundlagen der Nationalökonomie , as found in chapter 3, part 5: “Die Lehre vom wirtschaftlichen Werte.” It is here...
Richard von Strigl
Richard von Strigl (1891–1942) studied economics at the University of Vienna under Eugen von Bohm-Bawerk. Strigl was the author of pioneering studies on economic theory, applied economics, capital theory, and the relationship between theoretical and historical research. His work Kapital und Produktion was as a key contribution to technical economic theory. It was first published in 1934 by the former Austrian Institute for Business Cycle Research in its series “Contributions to Business Cycle Research.”
Latest work
There are as many causes for fluctuations in economic life as there are external conditions of economizing. Each of these conditions can change and thereby effect a change in the course of the...
Richard Ritter von Strigl (1891–1942) was one of the most brilliant Austrian economists of the interwar period. As a professor at the University of Vienna he had a decisive influence on Hayek, Machlup, Haberler, Morgenstern, and other fourth
