Principles of Economics by Carl Menger | Full Audiobook

https://www.economics-freedom.com/

Principles of Economics by Carl Menger, published in 1871, is a foundational work in the Austrian School of Economics. It introduces the concept of marginal utility, emphasizing that the value of goods is determined by their usefulness in satisfying human needs rather than by the labor required to produce them.

Menger argues that economic value is subjective, varying based on individual preferences and circumstances. He also explains how prices emerge naturally from voluntary exchanges in a free market rather than being imposed externally. His work laid the groundwork for modern economic thought, influencing later economists such as Ludwig von Mises and Friedrich Hayek.

https://www.economics-freedom.com/

👉 Follow Economics & Freedom on Facebook: https://www.facebook.com/Economics.Freedom
👉 Follow Economics & Freedom on Twitter:
👉 Follow Economics & Freedom on Instagram:
👉 Follow Economics & Freedom TikTok:

Chapters:
00:00 Chapter 1 - The General Theory of the Good
55:44 Chapter 2 - Economy and Economic Goods
2:18:41 Chapter 3 - The Theory of Value
4:33:20 Chapter 4 - The Theory of Exchange
5:06:00 Chapter 5 - The Theory of Price
6:25:20 Chapter 6 - Use Value and Exchange Value
6:46:17 Chapter 7 - The Theory of Commodity
7:33:50 Chapter 8 - The Theory of Money