Carl Menger
Austrian economist and founder of Marginalism
Austrian economist and founder of Marginalism
1840
186 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
Served 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 ReadingAn American engineer developed the Gatling gun, one of the earliest successful machine guns. The Gatling gun was patented in 1862 and saw extensive use during the American Civil War. Its design utilized a rotating barrel and a hand-crank mechanism, allowing rapid fire compared to traditional firearms. Gatling's invention significantly influenced military technology and warfare strategies. Later, the design was modified and improved for increased efficiency and reliability in subsequent conflicts. Gatling's contributions to engineering extended beyond firearms as he patented over a dozen inventions during his career.
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 ReadingAn American author and academic, contributions included children's literature and educational writing. The literary works spanned several decades, with significant attention to themes relevant to young readers. Authored 'The Noisy Paint Box,' a picture book reflecting on the life of artist Mark Rothko. Taught at various educational institutions, contributing to the development of future writers and educators. Engaged in initiatives promoting literacy and the importance of children's books.
Continue ReadingAn economist and academic contributed significantly to the analysis of human capital. Emphasized the importance of education and training in improving economic productivity. Authored pivotal works that explored the relationship between education and economic growth. His research laid the foundation for the development of the human capital theory. Received the Nobel Memorial Prize in Economic Sciences in 1979 for contributions to the understanding of how education affects economic performance.
Continue ReadingMargaret served as the queen consort of Scotland from 1286 until her death in 1290. She married King Alexander III of Scotland in 1285, strengthening ties between England and Scotland. Following the king's untimely death, her claim to the Scottish throne came into focus during a succession crisis. Her life was marked by significant political maneuvering and her role in the dynastic struggles of the time. Despite her early death, she played a pivotal role in the political landscape of Scotland.
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