ABSTRACT
In the previous chapter we established that fundamental theoretical points of divergence separated the founder of the Austrian economics tradition, Carl Menger, and another leading Austrian economist, Eugen von Böhm-Bawerk. Böhm-Bawerk’s capital and interest theory, in particular, stressed a degree of classical materiality and adopted a level of aggregation sharply in conflict with the basis of Menger’s contribution. As Streissler and Weber (1973:231) speculated, ‘Böhm-Bawerk’s Menger cannot be the whole Menger.’ Menger’s successor in the chair of economics in Vienna was Friedrich Wieser.1
