Carl Menger
Austrian economist and founder of Marginalism
Austrian economist and founder of Marginalism
1840
185 years ago
Thinkers & Philosophers
Austria
An economist and academic who established the foundations of the Austrian School of Economics. Developed the theory of marginal utility, which transformed economic analysis. Published 'Principles of Economics' in 1871, which laid out the principles of subjective value and utility. Contributed to the critique of socialism and was involved in debates with contemporary economists. Engaged in academic discourse and served as a professor, influencing future generations of economists.
Founded the Austrian School of Economics
Published 'Principles of Economics' in 1871
Developed the theory of marginal utility
Contributed significantly to the fields of psychiatry and philosophy, focusing on existentialism and the nature of human existence. Developed the concept of 'limit situations', which pertain to the existential crises individuals face. Worked extensively on the philosophy of psychology and the relationship between psychiatry and ethics. Authored several influential works including 'Philosophy of Existence' and 'Man in the Modern Age'.
Continue ReadingA prominent figure in Hong Kong's legal and political landscape, served as a judge in the Court of First Instance and later as the Chief Judge of the High Court. Engaged in various roles within the judiciary, contributed to legal reforms and the development of Hong Kong's legal system. Actively participated in politics, holding notable positions and influencing legislative processes in the region.
Continue ReadingServed as a captain in the United States Army during World War II. Displayed exceptional bravery in combat during the Battle of the Bulge in December 1944. After leading troops through intense enemy fire, facilitated the successful withdrawal of wounded soldiers. Received the Medal of Honor for valor displayed in action.
Continue ReadingA Dutch-American economist and mathematician, contributions centered around operations research and economic theory. Played a significant role in developing the theory of optimal economic organization, particularly in decentralized economies. Work laid the foundation for the field of mathematical economics. Received the Nobel Memorial Prize in Economic Sciences in 1975 for contributions to the economic theory that highlights the allocation of resources in a decentralized context. Also served as a professor at Yale University, influencing the next generation of economists.
Continue ReadingServed as a judge in the Los Angeles County Superior Court and later became a television personality. Gained recognition as the presiding judge on the reality courtroom series 'The People's Court', which premiered in 1981 and popularized the genre of court shows. Wapner's rigorous but fair adjudication style contributed to the show's success and longevity. His contributions to the legal and television fields made him a well-recognized figure in American popular culture.
Continue ReadingServed as the president of the University of Notre Dame from 1952 to 1987. Played a significant role in the growth of the university and its academic reputation. Involved in various national and international educational and social issues. Contributed to the civil rights movement in the United States and engaged in dialogue on peace and justice. Awarded the Presidential Medal of Freedom in 2000.
Continue Reading