Austrian School and Contemporary Bourgeois Economy Cover Image

Austrijska škola i suvremena građanska ekonomija
Austrian School and Contemporary Bourgeois Economy

Author(s): Zagorka Brunsko
Subject(s): Politics, Political Sciences, Political economy, 19th Century
Published by: Fakultet političkih znanosti u Zagrebu
Keywords: Austrian School; Contemporary Bourgeois Economy;

Summary/Abstract: At the end of the nineteenth century the Austrian bourgeois political economy, Marginalism, was formed. Its most distinguished founders and representatives were: C. Menger, F. v. Wieser, E. v. Boehm-Bawerk, J. Schumpeter, L. v. Moses, F. v. Hayek and others. Methodological instruments and a new choice of theoretical concerns makes Austrian school an introduction to contemporary bourgeois economy. Marginalists turned their attention from the question of production to the questions of consumption and demand which they treated as problems of allocation of resources from the point of view of individual economic subjects. Subjectivization of the theory of value has led to the change of all the essential economic theorems.

  • Issue Year: XXV/1988
  • Issue No: 04
  • Page Range: 134-147
  • Page Count: 14
  • Language: Croatian