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November 1, 2025
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Carl Menger (jan 1, 1840 – jan 1, 1921)

Description:

- Austrian
- Carl Menger, Stanley Jevons, and Léon Walras agreed on two fundamental points:
1) the concept of utility
2) extra or additional utility is more important than total utility
- Concept of marginal utility

Added to timeline:

Date:

jan 1, 1840
jan 1, 1921
~ 81 years