ABSTRACT
In this last chapter, it is proposed to examine what made Austrian Marginalism (Menger's version of the marginalist line of reasoning, its principles and its consequences) so special that it stood out as peculiar, not only in Menger's own times, but since then as well. The ‘Austrian School’, labelled after its geographical origin in the capital city of an empire, which was downsized, after defeat in the First World War, to the size of a province, has remained a unique case in the history of economic thought: both originally one major source of Marginalism, and yet definitely foreign, or rather at times downright hostile to major aspects of what Marginalism would contribute to bring about, namely neoclassical thought and so-called ‘mainstream’ economies.
