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Friedrich von Wieser

The Columbia Encyclopedia, Sixth Edition | 2008 | Copyright

Friedrich von Wieser , 1851-1926, Austrian economist and sociologist. He is noted for his formulas applying the principle of marginal utility to cost phenomena. He taught at Prague (1884-1903) and Vienna (1903-17, 1919-22) and served (1917-18) as Austrian secretary of commerce. His works include Der natürliche Wert (1889, tr. Natural Value, 1893) and Theorie der gesellschaftlichen Wirtschaft (1914, tr. Social Economics, 1927).

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