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Cover of On the Origin of Money

On the Origin of Money

✍ Scribed by Menger, Carl


Year
1892
Tongue
English
Weight
31 KB
Category
Fiction

No coin nor oath required. For personal study only.

✦ Synopsis


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. β€œMan 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.


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