Carl Menger Doctoral Fellow
CurrentThe Carl Menger Fellowship is a one-year, competitive fellowship program awarded to doctoral students with training in quantitative methods in a variety of fields including economics, political science and sociology.As a doctoral student, I’ll be delving into the key contributions of Carl Menger, the founder of the Austrian School of Economics. I'll explore his marginal utility theory, which redefined the concept of value by focusing on individual preferences and the satisfaction gained… Show more The Carl Menger Fellowship is a one-year, competitive fellowship program awarded to doctoral students with training in quantitative methods in a variety of fields including economics, political science and sociology.As a doctoral student, I’ll be delving into the key contributions of Carl Menger, the founder of the Austrian School of Economics. I'll explore his marginal utility theory, which redefined the concept of value by focusing on individual preferences and the satisfaction gained from consuming additional units. Menger's subjective theory of value and methodological individualism will be central to my studies, emphasizing the role of individual choices in economic analysis. I'll also study his causal-realist approach, which prioritizes real-world observations and causal relationships. Additionally, I'll examine Menger's theory on the natural emergence of money and his critique of the German Historical School. Key texts like "Principles of Economics" and "Investigations into the Method of the Social Sciences" will guide my understanding of how Menger’s ideas influenced later Austrian economists such as Böhm-Bawerk, Mises, and Hayek. Show less