Happy birthday to Carl Menger! (February 23, 1840 – February 26, 1921)
"Menger’s contributions marked the beginning of a uniquely distinct “Austrian School of Economics” based on the theory of subjective value, of which he became viewed as the “founding father.”
[...] There exists in all of our actions the possibility that the future may be different than we have anticipated as the experienced events unfold leading to that point on the horizon towards which actions are di…
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