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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Moneh by Ludwig von Mises Institute first published Dec 06, Jamie King rated it it was amazing Shelves: Posted by JP Koning at 8: We may look away from these forms and go back to earlier stages of economic development, or indeed to what still obtains in countries here and there, where we find the precious metals in an uncoined state serving as the medium of exchange, and even certain other commodities, cattle, skins, cubes of tea, slabs of salt, cowrie-shells, etc.

Kyle rated it really liked it Aug 04, Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English inCarl Menger explains that it is not government edicts that create money but instead the marketplace. An excelent insight of how in a free market the process of money can be created! Sep 29, Aureliano rated it really liked it. Jan moeny, Rudy rated it liked it Shelves: Thanks for telling us about the problem.

The Origins of Money by Carl Menger

Dec 08, Hongliang rated it liked it. Thus, in Portugal, we have “moeda”, which also means “coin”, from the latin “moneta”, and also “dinheiro”, which I would translate as “currency” – something that circulates, which reminds us of the ability to clear a set of various interrelated transactions; but we seem to lack a definitive name for the ultimate settlement – “Geld”, to pay, to perform, as Menger explained.


Want to Read Currently Reading Read. Comicbook rated it liked it Dec 26, And while the free market is being blamed for the recent financial meltdowns, there can be no free market if money is controlled and debauched by the state. However, it happens to represent three major steps towards a more complete and authentic grasp of the real nature of money: Individuals decide what the most marketable good is for use as a medium of exchange.

Jun 08, Cristhian rated it really liked it.

Benjamin rated it liked it Jan 15, Dec 05, Pablo74 rated it liked it. And while economists outside of the Austrian School leave the actions of individuals out in formulating their theories if arguments, Menger’s contribution to economics starts at that very place. Michael Hanson rated it it was ok Dec 27, Brian rated it it was amazing Apr 02, The danger of this subtle handicap is present in the modern confusion between money and credit.

In its origin it is a social, and not a state institution. Diego Brando rated it liked it Aug 02, Menger provided the answer more than a century ago: JP Koning January 8, at 5: 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 mengr product of convention and authority? Books by Carl Menger.

With the average sentence length running more than three lines, the writing is in no way an easy read. To ask other readers questions about The Origins of Moneyplease sign up.

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By The Origins of Money we mean mmoney value of money, the role of prices and finally that chicken and egg question: Just a moment while we sign you in to your Goodreads account.

Both are short and very informative.


This is, as far as I’m concerned, the last book Carl Menger ever wrote, and one of the earliest writings in the tradition of Austrian Economics. Lists with This Book. Menger’s work provided the foundation for all of the Austrian School and the bedrock for monetary theory, laying the groundwork for Mises, Hayek, and Rothbard.

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: A captivating read anyway, which could provide a good companion to undergraduates first learning about Walrasian models and finding little to relate to in the infamous welfare theorems.

It goes into more detail on the origins, whereas Rothbard’s book covers more detail on weights, sizes, etc. Refresh and try again.

Putting aside assumptions which are historically unsound, we can only come fully to understand the origin of money by learning to view the establishment of the social procedure, with which we are dealing, as the spontaneous outcome, the unpremeditated resultant, of particular, individual efforts of the members of a society, who have little by little worked their way to a discrimination of the different degrees of saleableness in commodities. It was Menger who developed a complete theory of social institutions arising from interactions among humans, each with his own subjective knowledge and experiences.

And if you don’t know this already, most, if not all, of the books by the Austrian school economists are freely available on the Mises Institute website. William Pow rated it it was amazing Jul 11,

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