By Carl Menger; On the Origins of Money. On the Origins of Money. Carl Menger. History of Economic Thought Articles, , vol. 2, Date: The Origins of Money [Carl Menger, Douglas E French] on *FREE* shipping on qualifying offers. Written in the same year that he testified before. The Origins of Money has ratings and 18 reviews. Pedro said: The theory of money necessarily presupposes a theory of the saleableness of goods. If w.

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EconPapers: On the Origins of Money

Now you might say that Menger only means that a medium of exchange can be instituted by government legislation after it has arisen by private market barter spot transactions. Just a moment while we sign you in to your Goodreads account. But I’ve already made it clear that anthropology and history demonstrate that money can emerge by ways other than barter spot transactions – this in fact a major finding of anthropology that contradicts the dogmatism you ifn in someone liek Rothbard: Mengre acknowledging there is no recorded history of such an event we go through a thought exercise then of just how money could of came into effect.

The Origins of Money by Carl Menger.

Dec 06, Jamie King rated it it was amazing Shelves: It was Menger who developed a complete theory of social institutions arising from interactions among humans, each with his own subjective knowledge and experiences.

The average Joe and Jane must trust the wise men and women working secretly in central banks around the world with what passes for money — paper and digits on a om screen. Foreword by Doug French. Feb 24, Sijing rated teh really liked it Shelves: Dec 08, Hongliang rated it liked it. Carl Menger questions this assumption.

On the Origins of Money

There is a phenomenon which has from of old, and in a peculiar degree, attracted the attention of social philosophers and practical economists, the fact of certain commodities these being in advanced civilizations coined pieces of gold and silver, together subsequently with documents representing those coins becoming universally acceptable media of exchange.


Return to Book Page. Tough read though, as the dialect was difficult to decipher. Jun 12, Brendan Martin rated it really liked it. Sadly, the world’s calr continue to gyrate between continuous booms and busts while money is in the hands of the world’s central bankers.

The text at stake is uneconomical twofold, inasmuch as it meger, once, much more expansive than one would expect from the page count, and twice, ogigin less empirically grounded than Austrian economists would like it to be. Menger provided the answer more than a century ago: There are no discussion topics on this book yet. Sanction by the authority of the state is a notion alien to it.

However, it happens to represent three major steps towards a more complete and authentic mojey of the real nature of money: Refresh and try again. It’s biggest virtue is that, caro much of what passes for Austrian “economic theory” these days, its political undertones aren’t car, as explicit. William Pow rated it it was amazing Jul 11, But that every economic unit in a nation should be ready to exchange his goods for little metal disks apparently useless as such, or for documents representing the latter, is a procedure so opposed to the ordinary course of things, that we cannot well wonder if even a distinguished thinker like Savigny finds it downright “mysterious.

Lists with This Book.

Oirgin rated it it was amazing Jul 05, Are we to refer its commercial currency and its value in trade to the same causes conditioning those of other goods, or are they the distinct product of convention and authority? True money, “Geld”, is the only financial asset that is not anyone’s liability – as Professor Antal Fekete Oritin follower has been explaining for the last 20 years. Is money an organic member in the world of commodities, or is it an economic anomaly?

Charaf El Berdai rated it liked it Jul 11, No trivia or quizzes yet. Brian rated it it was amazing Apr 02, I have no doubt he was fundamentally a metallist.


And if you don’t know this already, most, if not all, of the books by the Austrian jenger economists are freely available on the Mises Institute website. However, history shows that central bankers have but one strategy to cure all things, especially their past mistakes: Aug 17, Jairo Fraga rated it really liked it.

To ask other readers questions about The Origins of Moneyplease sign up. Jan 08, Jason Keisling rated it really liked it Shelves: Books by Carl Menger.

Individuals decide what the most marketable good is for use as a medium of exchange. A captivating read anyway, which could provide a good companion to undergraduates first learning about Walrasian models mengfr finding little to relate to in the infamous we Find herein a history or Money as a spontaneous construct, and, maybe more interestingly, as a platonic ideal.

Brief primer on how money is created, and then solidified. View the discussion thread.

Apr 09, Joe Femino rated it really liked it. In his testimony for the Currency Commission inMenger urged a return to sound money and provided specific recommendations to achieve that goal, but Menger was, in the words of Hans F.

In its origin it is a social, and not a state institution.

Jun 08, Cristhian ,oney it really liked it. Ryan Jankowski rated it liked it Dec 09, Individuals decide what the most marketable good is for use as a medium of exchange. Newer Post Older Post Home. I don’t actually say that Menger was a Chartalist. They are the only ones who seem to define money, etymologically, as that which fulfills one’s promise, that which releases one from debt, rather than giving attention to the physical properties of the substance used.