Carl Menger's Books

Get the Book: https://amzn.to/4gjWqe5 Dive into Carl Menger’s Investigations into the Method of the Social Sciences (1883), a foundational text that redefined economic methodology. In this video, we explore Menger’s groundbreaking ideas, including the rejection of natural science methods for studying social phenomena. Menger emphasizes the importance of individual action, subjective values, and the unique complexity of human decision-making in shaping markets, laws, and institutions. Discover how Menger’s focus on methodological individualism and his critique of rigid models revolutionized the way economists approach the study of human behavior. Learn about the historic Methodenstreit, a debate that reshaped economic thought, and why Menger’s ideas remain vital for understanding economics today. Whether you’re new to the Austrian School or curious about the philosophy of economics, this video offers a clear introduction to Menger’s profound insights. Check the description for links to the original work and further resources! 00:00 - Introduction to Investigations into the Method of the Social Sciences by Carl Menger 00:47 - Importance of the book today 01:12 - Individual Action – The Core of Social Phenomena 01:59 - Subjectivity and the Study of Economics 02:45 - The Role of Theory in Social Sciences 03:46 - Why read The Role of Theory in Social Sciences?

Get the original book: https://amzn.to/3EnJRBa Watch our video series about The Origins of Money: https://rumble.com/playlists/SbtdSMVNrm0 Explore Carl Menger's groundbreaking insights into the origins of money, as presented in his 1892 work The Origins of Money. In this video, we dive into Menger’s revolutionary theory, which argues that money didn’t originate from government decree but evolved organically through the actions of individuals seeking an efficient medium of exchange. Learn how the limitations of the barter system, such as the "coincidence of wants" problem, led people to select universally marketable goods like gold and silver as money. Discover the key properties—durability, divisibility, portability, and recognizability—that made certain goods ideal for trade and how money emerged as a tool to streamline economic cooperation. We also explore Menger’s enduring legacy in the Austrian School of Economics and his influence on later thinkers like Ludwig von Mises and Friedrich Hayek. By the end, you'll have a deeper understanding of how money reflects the spontaneous order of markets and human ingenuity. 00:00 - Introduction to The Origins of Money by Carl Menger 00:47 - Emergence of Money in the Marketplace 01:57 - Key Properties of Money 02:56 - Menger’s Legacy on the Nature of Money 03:53 - Why read The Origins of Money?

Are you interested to read the original book? Get ‘Principles of Economics’ by Carl Menger now: https://amzn.to/41Te3Ov In this video, we explore Carl Menger’s Principles of Economics, the foundational work of the Austrian School of Economics. Published in 1871, Menger revolutionized economic thought by shifting the focus from production costs to human decision-making. His key ideas, including subjective value and marginal utility, explain how value is determined by personal needs and preferences, not inherent properties. Menger demonstrated that as we consume more of something, its value decreases—this helps us understand why prices fluctuate based on scarcity. He also emphasized the role of individuals in shaping the economy, rather than abstract economic forces. Menger’s groundbreaking work continues to influence modern economics by highlighting the importance of entrepreneurship, choice, and time in economic decisions. Whether you're new to economics or curious about the Austrian School, this video breaks down Menger’s insights into easy-to-understand concepts that remain relevant today. 00:00 - Intro into Principles of Economics by Carl Menger 00:26 - Why Principles of Economics Matter Today 00:46 - Subjective Value – Why Things Are Worth What They’re Worth 01:20 - Marginal Utility – The Key to Understanding Choices 01:54 - The Role of Individuals in the Economy 02:31 - Why Principles of Economics is a Must-Read 02:57 - Conclusion and Further Resources

Are you interested to read Carl Menger's books? Get them here: https://amzn.to/4kOQkpU Do you want to watch more about Carl Menger? The Origins of Money: https://rumble.com/playlists/SbtdSMVNrm0 Principles of Economics: https://rumble.com/v61tdkq-principles-of-economics-by-carl-menger-the-foundation-of-the-austrian-schoo.html Investigations into the Methods of Social Sciences: https://rumble.com/v6dihys-investigations-into-the-methods-of-social-sciences-carl-mengers-economic-me.html Carl Menger, the founder of the Austrian School of Economics, revolutionized economic thought by shifting the focus from abstract theories to real human decisions. In this video, we explore Menger’s groundbreaking concept of subjective value, which asserts that the worth of an item isn’t determined by production costs, but by individual desire. Menger's insights helped shape modern economics, emphasizing the importance of human choice, market dynamics, and the free market system. He also inspired future economists like Ludwig von Mises and Friedrich Hayek. Through his work, Menger laid the foundation for understanding economics not just as a system, but as a reflection of individual decisions and behaviors. Dive into the life and legacy of Carl Menger and see how his ideas continue to shape economic theory today. Watch our series on the Austrian School to explore these influential concepts in more detail. 00:00 - Carl Menger – The Father of Austrian Economics and the Pioneer of Subjective Value 00:48 - Carl Menger was A Thinker Ahead of His Time 01:29 - The Birth of the Austrian School of Economics 02:05 - Carl Menger was A Humble Revolutionary 02:41 - A Legacy Built on Choice