He notes that the title theory cannot fully "explain distribution without the theory of prices" in "On the Concept of Social Value", and he had expounded on that work's definition of "methodological individualism" in the earlier Nature and Essence of
He notes that the title theory cannot fully "explain distribution without the theory of prices" in "On the Concept of Social Value", and he had expounded on that work's definition of "methodological individualism" in the earlier Nature and Essence of Theoretical Economics.  He thought Leon Walras to be the greatest economist ever, and another work of his begins with a critique of Marx before predicting the downfall of the first title concept at the hands of intellectuals in Capitalism, Socialism, and Democracy.  For 10 points, name this Harvard economist, a nominal member of the Austrian school, probably best known for his studies of business cycles.
He notes that the title theory cannot fully "explain distribution without the theory of prices" in "On the Concept of Social Value", and he had expounded on that work's definition of "methodological individualism" in the earlier Nature and Essence of Theoretical Economics.  
Joseph Alois {Schumpeter}