Frank A. Fetter

Frank Albert Fetter (1863-1949) was an American economist of the Austrian school. He is considered to be the standard bearer of the Austrian tradition in the period between the founders (Menger, Böhm-Bawerk, and Wieser) and the next generation (Mises and Hayek).

Prior to Mises, Fetter was the world’s leading subjective-value theorist. His 1904 treatise, Principles of Economics, constructed a general theory of economics in the Austrian tradition that went unsurpassed until Ludwig von Mises’s treatise of 1940, Nationaloekonomie.

He authored eight books, more than one hundred scholarly articles, and was featured regularly in journals such as American Economic Review, Quarterly Journal of Economics, and Journal of Political Economy. He was a professor at multiple universities, president of the American Economic Association, and a member of the American Philosophical Society.