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The contribution as this question it is a lot of misunderstanding. Often believe that the contribution

The Austrians consisted only in slightly mechanical attempt to apply a principle

Limiting utility to a problem of value of money. But it not so. The main thing

Achievement of the Austrians in this area consists in the consecutive Use at development of a monetary theory subjectivistic or The individualistic approach which and really underlies the analysis with Items of limiting utility, but has thus much wider and More universal significance. This achievement is a direct merit

- . Its exposition of sense of various concepts of value of money, the reasons

Changes and possibilities of measurement of this value, all it, as to me

It is represented, represents significant progress compared with the traditional

The quantitative theory based on interpretation modular and average

Sizes. And even there, where, as in a case with usual distinction for it between

"External" and "internal" value of money (innere und auserer Tauschwert), Used terms mislead - distinction, contrary to a little Terminology, concerns not various kinds of value, but to various forces, Acting on the prices - base statement of a problem is amazingly modern.

Uncertainty see at Erich Streissler, "Menger's Theory of Money and Uncertainty ", in Hicks and Weber, op. cit., pp. 164 - 189. - it. It.]

The list of the basic works of Mengera which have appeared at his life, sharply breaks on

Publications of 1892. [In addition to already noted, has the same year appeared

The French article "La Monnaie Mesure de la Valeur", in the Revue d'Economie

Politique, vol. 6, 1892, and English "On the Origin of Money" in the Economic

Journal, vol. 2, 1892, pp. 239 - 255.] In three decades which have remained to it of a life

It has published only a number of the small articles which list can be found in

Bibliographies in the end of the last volume of collected works [cit. The reprint

Edition LSE described in this chapter, comment 1 - it. It.]. Some more years

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