
- English
- ePUB (mobile friendly)
- Available on iOS & Android
On the Origin of Money
About this book
On the Origins of Money is a discussion of the history of money and currency, from its crudest form as cowrie shells, animal pelts, and salt in early societies to the coin and paper money we use today. Rather than focusing on the type or shape of the money, author and economist Carl Menger looks at the reasons behind monetary exchange and why money is so valuable (or where it gets its inherent value). His argument centers on the "saleableness" of the goods or commodities being sold-in other words, the more "saleable" (or valuable or in demand) an item is, the more money it is worth. Hence, money gets its value from the objects it pays for. This short work is an insightful look into the history and value of money for any student or professional economist.
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Information
Table of contents
- I. Introduction
- II. Attempts at Solution Hitherto
- III. The Problem of the Genesis of a Medium of Exchange
- IV. Commodities as More or Less Saleable
- V. Concerning the Causes of the Different Degrees of Saleableness in Commodities
- VI. On the Genesis of Media of Exchange4
- VII. The Process of Differentiation between Commodities which have become Media of Exchange and the Rest
- VIII. How the Precious Metals became Money
- IX. Influence of the Sovereign Power
- Notes