Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are
acknowledged as pioneers in the development of neoclassical
economics, as well as being recognized as the founders of the
Austrian School of Economics. Neoclassical Microeconomic Theory
examines their contribution and compares it with the other branches
of neoclassical economics that emerged between the 1870's and
1930's. The author begins by exploring the initial stimulus
provided by Carl Menger's work, and then demonstrates how the views
of Menger, Weiser and Bohm-Bawerk complement one another and the
tensions exhibited between them: the scope and method of economics;
theories of choice; price theory; competition; entrepreneurship;
and capital formation and distribution.
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