ABSTRACT

Baron Friedrich von Wieser, born on July 10, 1851, the son of the Privy Councillor Baron Leopold von Wieser, was educated in Vienna, where he took his degree in 1872. Up to this time his favorite studies had been historical, but in 1872 he came across Menger’s Grundsätze, the perusal of which made him a convert to economic theory. He continued along the path thus opened up before him during his years of study at the universities of Heidelberg, Jena, and Leipzig which followed, and during his short employ in the Civil Service preceding his becoming ‘Privatdozent’ at the University of Vienna in 1883 and his being called to the University of Prague in 1884, whence he returned to Vienna in 1903, succeeding Karl Menger. Passing by minor events of his career, I would only mention that he entered the Herrenhaus (House of Lords) as a life member

in 1917, and that he took Cabinet office as Minister of Commerce in the same year. After his resignation he returned again to his chair and to his scientific work.