This is the third part of the series in which I summarize Carl Menger's 'Principles of Economics'. It captures the fourth and fifth chapter of the book, and builds the theoretical framework around the exchange of goods and the price of goods. For a summary of chapter one, two and three, see here and here.
This is the second part of the series in which I summarize Carl Menger's 'Principles of Economics'. It captures the important third chapter of the book, and builds the theoretic framework around the value of different goods. For a summary of chapter one and two, see this article.
This is the first part of a new series in which I try to summarize Carl Menger's 'Principles of Economics'. The goal is to make the important work slightly more digestible for segments of people with perhaps less time on their hands, but not necessarily less will to learn about economics. This first part captures the first...