| | Amazon.com: Principles of Economics (Institute for Humane Studies Series in Economic Theory): Books: Karl Menger (Site not responding. Last check: 2007-10-26) |
 | | Menger's pre-requisites for a thing to become a good are the foundation for the bulk of modern marketing (at least, modern marketing that is of any value to consumers), and his explanation of exchange is vastly superior to the robotic theories offered by Jevons, Marshall, and the other predecessors of modern mainstream economic thought. |
 | | Menger claims that property is not an arbitrary arrangement but "the only possible solution of the problem that is, in the nature of things, imposed upon us by the disparity between requirements for, and available quantities of, all economic goods". |
 | | Menger's emphasis on learning and gradual progress and learning is important because it allows for a middle ground where the world can be imperfect, but not hopelessly so. |
| www.amazon.com /Principles-Economics-Institute-Studies-Economic/dp/0910884277 (3032 words) |