The common interpretation of Carl Menger’s take on capital theory rests upon a few sentences in his Principles of Economics. His later monograph on the topic, Zur Theorie des Kapitals (A contribution to the theory of capital), is more or less ignored, although it must be seen as a recantation...

A key feature of the general logic of paradigms or research programs as applied to the history of economic thought, is the acceptance of the fundamental change in the ways of formulating, and analyzing facts and concepts. One can discern an example of the above fundamental change in a critical...

A number of commentators have argued that technological innovation is about to change the institutional structure of the retail payments system. Through the potential private issue of currency via new electronic payments systems – electronic money – individuals will create currencies based...

Lorsque Carl Menger décède en 1921, son oeuvre économique est associée à son ouvrage de 1871, les Grundsaetze. Depuis sa retraite en 1903, Menger a refusé toute nouvelle publication de cet ouvrage, consacrant sa recherche à la psychologie en particulier. Son fils Karl Menger reprend les...