This book investigates the foundational principles and theoretical development of the Austrian School of economics within the context of neoclassical microeconomic theory. A. M. Endres, an expert in the history of economic thought, examines the specific contributions of early Austrian thinkers to the marginalist revolution. The text provides a rigorous analysis of how these theorists diverged from and contributed to the broader neoclassical framework, focusing on subjective value, time preference, and the role of the individual actor. By situating these ideas in their historical and intellectual environment, Endres clarifies the distinct methodology that defines the Austrian approach to microeconomic problems.

Scholars and students of economic history frequently cite this work as a precise, scholarly examination of the intellectual origins of Austrian microeconomics. Experts highlight the text for its technical clarity and its ability to distinguish the nuances of early Austrian thought from contemporary neoclassical synthesis.