The main purpose of Natural Value may be read in chap. vi. of Book II.. The general reader, however, will possibly find the most suggestive matter in chapters incidental to this main development, particularly in the attacks on Socialist theory. To English economists, again, I venture to think that there are three points which will specially commend themselves as original contributions to our science. These are, the re-setting of the elementary conception of value in Book I., the application to distribution in Books III. and IV., and the bringing of the law of cost of production within the compass of the general Marginal Law in Book V.. If an editor’s preface has any function it is, I imagine, to elucidate point which his, presumably, close study of the book have shown to be difficult, and my connection with the Austrian School may, perhaps, justify me in putting these points in my own way.
Wieser is renowned for two main works, Natural Value, which carefully details the alternative-cost doctrine and the theory of imputation, and his Social Economics (1914). In Natural Value von Wieser introduced the theory of imputation and the alternative-cost doctrine, and is credited with the concepts that became known as marginal utility. The Opportunity Cost Theory is considered a valuable contribution from Weiser. His economic distinction between public goods and private goods is still used by economists as one of the main elements of the concept of marginal utility.
Book 1 The Elementary Theory of Value
Book 2 Exchange Value and Natural Value
Book 3 The Natural Imputation of the Return from Production
Book 4 The Natural Value of Land, Capital, and Labour
Book 5 The Natural Cost Value of Products
Book 6 Value in the Economy of the State