Friedrich Wieser

a.k.a. Friedrich von Wieser

Author Code: GFVW

Educated at the University of Vienna, where he was a classmate (and subsequent brother-in-law) of Bohm-Bawerk, Wieser became a prominent figure of the Austrian School of economists. He held professorships at the University of Vienna and the University of Prague until 1903, when he was named to succeed Carl Wenger as professor of Political Economy. From 1917 to 1918 he was the Austrian secretary of commerce. He is noted for his formulae applying the principles of marginal utility to cost phenomena. His most important works are Natural Value (1889), The Theory of Value (1892) and Social Economics (1914).