The Origins of Money

Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create money but instead the marketplace. Individuals decide what the most marketable good is for use as a medium of exchange. “Man himself is the beginning and the end of every economy,” Menger wrote, and so it is with deciding what is to be traded as money. “Money has not been generated by law. In its origin it is a social, and not a state institution. Sanction by the authority of the state is a notion alien to it. ” This is the first time this essay has been in print in more than a century! Introduction by Doug French

Author: Carl Menger

Binding: Paperback

EAN: 9781933550596

Condition: New

Manufacturer: Ludwig von Mises Institute

Number of pages: 54

Product group: Book

Studio: Ludwig von Mises Institute

Publication Date: 2016-02-24

Publisher: Ludwig von Mises Institute

Pages: 54

ISBN: 1933550597

View this book in Amazon