Friedrich von Wieser

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Friedrich von Wieser. 1 connected concept: Opportunity cost (related to).

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Community · Opportunity cost

Summary

Friedrich von Wieser was an Austrian early economist of the Austrian School of economics.

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Connections1

coined the term opportunity cost
The Austrian economist Friedrich von Wieser is credited with formally introducing the concept of 'opportunity cost' (Grenzkosten) into economic theory in his 1914 work.
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Facts