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Friedrich von Wieser’s Social Economics holds a place in the literature of the Austrian School such as John Stuart Mill’s Political Economy holds in the literature of classical theory. It sums up, systematizes, and extends the doctrines developed by the founder of the school, the author, and his fellow

From the author’s introduction: The people of the world stand under the principle of power. The whole social entity is governed by power, this being the highest value peoples aspire to and by which they counted, weighed, and judged. But, contrary to what is usually assumed, it is not external power which determines everything, but fundamentally