From the author's introduction:
The people of the world stand under the principle of power. The whole social entity is governed by power, this being the highest value peoples aspire to and by which they counted, weighed, and judged. But, contrary to what is usually assumed, it is not external power which determines everything, but fundamentally internal power is the core of the power phenomenon. As this core gradually matures over time, it bursts open the shell of external power under whose protection it grows to maturity.
Meet the Author
Friedrich von Wieser
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An Austrian economist who contributed to the early development of the marginalist or subjectivist school of economic thought in the late nineteenth century.
From the author's introduction: The people of the world stand under the principle of power. The whole social entity is governed by power, this being the highest value peoples aspire to and by which they counted, weighed, and judged. But, contrary to
From the Economic Journal , March 1891.
Friedrich von Wieser's Social Economics holds a place in the literature of the Austrian School such as John Stuart Mill's Political Economy holds in the literature of classical theory. It sums up, systematizes, and extends the doctrines developed by
