Carl Menger, founding father of the Austrian School, transformed economics with his emphasis on subjectivism, value theory, and market dynamics.
Carl Menger, born into a middle-class family in 1840 in Neu-Sandez, now located in present-day Poland, was a figure of immense intellectual breadth and influence. His early life in a family with strong professional roots — his father a lawyer and his mother from a wealthy merchant background — set the stage for a journey that would see Menger not only delve into economics but also make significant contributions to literature and journalism.