Policy Making Nad Economic System

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This online version of Carl Menger’s Principles of Economics containscorrections to the 1976 New York University edition; the manuscript is otherwise the same. First printing in German, 1871. The first English translation was copyright 1950 by the The Free Press, with an introduction by Frank H. Knight; 1976 and 1981 by the Institute for Human Studies, published by New York University Press with an introduction by F.A. Hayek; 1994 by Libertarian Press (reprint of the 1976 edition). Online version is copyright 2004 by the Ludwig von Mises Institute.
Dedication
Editor’s Note
Introduction. By F.A. Hayek  (p. 11)
Translators’ Preface (p. 37)
Author’s Preface (p. 45)
I. THE GENERAL THEORY OF THE GOOD  (p. 51)
1. The Nature of Goods  (p.51)
2. The Causal Connections Between Goods  (p.55)
3. The Laws Governing Goods-character  (p.58)
    A. The Goods-Character of Goods of Higher Order is
        Dependent on Command of Corresponding Complementary Goods  (p. 58)
    B. The Goods-Character of Goods of Higher Order is Derived From
        that of the Corresponding Goods of Lower Order  (p. 63)
4. Time and Error  (p. 67)
5. The Causes of Progress in Human Welfare  (p. 71)
6. Property  (p. 74)
II. ECONOMY AND ECONOMIC GOODS  (p. 77)
1. Human Requirements  (p. 80)
    A. Requirements for Goods of First Order (Consumption Goods)  (p. 80)
    B. Requirements for Goods of Higher Order (Means of Production)  (p. 84)
    C. The Time Limits Within Which Human Needs are Felt  (p. 87)
2. The Available Quantities  (p. 89)
3. The Origin of Human Economy and Economic Goods  (p. 94)
    A. Economic Goods  (p. 94)
    B. Non-Economic Goods  (p. 98)
    C. The Relationship Between Economic and Non-Economic Goods  (p. 101)
    D. The Laws Governing the Economic Character of Goods  (p. 106)
4. Wealth  (p. 109)
III. THE THEORY OF VALUE  (p. 114)
1. The Nature and Origin of Value  (p. 114)
2. The Original Measure of Value  (p....