1840 to 1921

Carl Menger

He answered the water and diamonds problem in 1871 and built a theory of value and price out of the answer, then spent the next decade defending the idea that economics can be theory at all. Four works · 1871 to 1934

Everything the Institute hosts under his name. The school he started ran on for a hundred and twenty years after the Principles, through Böhm-Bawerk, Mises, Hayek and Rothbard.