Imputation and Value in the works of Menger, Böhm-Bawerk and Wieser

Šimon Biľo

E-LOGOS 2005, 12(1)  

Analysis of the discussions within the first two generations of the Austrian school of economics constitutes an inevitable cornerstone of every further inquiry on the fields of the theory of value and imputation theory. Only with knowledge of Menger's, Wieser's and Böhm-Bawerk's understanding of cardinalism and problems related with utility, value and their interdependence, we are apt to understand correctness or incorrectness of their positions and also positions of their followers.Thus, we could trace back cardinalist notions of utility seeded by Menger and understand later Mises'-Cuhel reformulation of the whole value theory into an ordinalistic...

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