2003•Palgrave Macmillan UK eBooksRequires access

Von Wieser and Böhm-Bawerk: Austrian Versions of Capital and Distribution Theory

Gianni Vaggi, Peter Groenewegen

Abstract

Carl Menger (see Chapter 20) left his two able pupils and colleagues, von Wieser and Böhm-Bawerk to work out details of his theory. Von Wieser did this by developing the theory of imputation as the Austrian version of distribution theory; Böhm-Bawerk developed the insights into capital theory of Menger into his own fundamental account. Together with Menger, von Wieser and Böhm-Bawerk therefore constitute the founders of the Austrian version of marginalist economics.

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Key concepts: Austrian School, Capital (architecture), Neoclassical economics, Distribution (mathematics), Economics, Mathematics, Mathematical analysis, Art