Friedrich von Wieser

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Friedrich Freiherr von Wieser
Austrian School
1wieser.jpg
Birth July 10, 1851(1851-07-10)
Vienna, Austria
Death July 22, 1926(1926-07-22) (aged 75)
Vienna, Austria
Nationality Austrian
Alma mater University of Vienna
(Dr. jur. 1872)
Influences Carl Menger
Eugen von Böhm-Bawerk
Influenced Ludwig von Mises
Friedrich Hayek
Joseph Schumpeter

Friedrich Freiherr von Wieser (July 10, 1851–July 22, 1926) was an early member of the Austrian School of economics. Born in Vienna, the son of Privy Councillor Leopold von Wieser, a high official in the war ministry —Freiherr is a title equivalent to baron, not a personal name—he first trained in sociology and law. In 1872, the year he took his degree, he encountered Austrian-school founder Carl Menger's Grundsätze and switched his interest to economic theory.[1] Wieser held posts at the universities of Vienna and Prague until succeeding Menger in Vienna in 1903, where, with brother-in-law Eugen von Böhm-Bawerk, he shaped the next generation of Austrian economists including Ludwig von Mises, Friedrich Hayek and Joseph Schumpeter in the late 1890s and early 1900s. He became Austrian finance minister in 1917.

Notes

  1. Joseph A. Schumpeter, Ten Great Economists From Marx to Keynes, 1951, Appendix 2, page 298, reprinted from The Economic Journal, vol. xxxvii, no. 146, June 1927.

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