Principles of Economics (Large Print Edition) Paperback – Large Print, January 1, 2007

The book explains the basis of what it is: a human being.

Carl Menger is the founder of the Austrian School.More telling is how the reaction of the German Historical School resulted in hostility from the Austrians.Gustav Schmoller refused to even read and review one of his works.He claimed he sent it back to him before he could read it.Schmoller went further than that.People that agreed with Menger were refused the credentials to teach it in school.Probably a sore loser.That being said,it is worth noting that Carl Menger,for many years taught Economics.This is what he taught.This book is divided into eight sections:1)The General Theory of the Good2)Economy and Economic Goods3)The Theory of Value4)The Theory of ExchangeCatalactics to von Mises.5)The Theory of Price6)Use Value and Exchange ValueThe average concrete need unit is the general expression for objective usevalue.7)The Theory of the Commodity8)The Theory of MoneyStarting with Menger and carried on with people like von Mises,the Austrians were searching for knowledge beyond economics.They knew economics would pertain to selfish interests.Thus Schmoller's reaction to the Austrians was really no surprise.By the time of Menger's death in 1921,the powers that be in those days were gone.Sadly,this is pretty much all we get from Menger.Sure,he testified in front of the Currency Commission;but he wanted to put more of his academic work in print.This would not be.Nowadays,we would get his lectures on computer or video.He was really that student friendly.

This reads much like a textbook and is difficult to read and sometimes not easy to understand. It is technical. It is highly recommended from major players in the field of Austrian economics. That being said, I doubt I will ever read it again. It may be better suited for professional economists. Menger lived from 1840 to 1921 and founded the Austrian school of economics. All economists have rejected his view that all things are subject to cause and effect, except the Austrian school. His students include Ludwig von Mises and F.A. Hayek. His discussion is in depth and he uses minute details. Bohm-Bawerk and Wieser were his first and most enthusiastic disciples. He had written disputes with other economists. I recommend this book for students of economics. In my case it wasn't helpful and wasn't what I thought it would be. On the other hand, Hayek's "The Road To Serfdom" was very beneficial.

The book was used and described as in Good Condition. However, I found the book to be closer to Excellent Condition. It came in a simple plastic bag type mailer. But it survived the trip to the State of Hawaii (often called the most remote place on earth) with no damage.

Easy read.

As described

Excellent book.

One hundred and fifty years after it was written, this book still excels at explaining economic value and price formation. The author takes extraordinary care in explaining why some things have economic value and others do not, and how prices emerge.