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CARL MENGER'S LECTURES TO CROWN PRINCE RUDOLF OF AUSTRIA (Hardcover)
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CARL MENGER'S LECTURES TO CROWN PRINCE RUDOLF OF AUSTRIA (Hardcover)
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In 1876, Carl Menger, then a young professor at the University of
Vienna, was asked to teach the principles of political economy to
Crown Prince Rudolf of Austria, the 17 year old only son of Emperor
Francis Joseph, who was to die tragically before he could inherit
the throne.Rudolf's recently discovered Notebooks of these
lectures, corrected by Menger, are a fascinating record of what the
founder of the Austrian marginalist school thought worth teaching
to the heir presumptive of a great power. Without referring to his
own theories, Menger delivered a course on the economics of Adam
Smith - as presented in the mainstream German textbooks of the time
- in such a way that the Notebooks can be viewed as a key document
on classical economic liberalism, pure and unadulterated. They cast
new light on Menger's own theoretical discoveries, his view of
government and his interpretation of classical economics. In this
important volume Rudolf's Notebooks are published for the first
time both in German and an English translation. The editor's
detailed introduction provides the historical and intellectual
background to the Notebooks as well as a thorough analysis of
classical economics and its treatment by Menger. The text is fully
annotated in German and English with its surprising sources traced
passage by passage.
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