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  3. On the Origin of Money

EBOOK

On the Origin of Money

Karl Menger
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Pages
36
Year
2015
Language
English
Publisher
Cosimo Classics

About

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.

Related Subjects

  • Economic History
  • Business & Economics
  • Adult Nonfiction
  • Money & Monetary Policy
  • Theory
  • Economics

Artists

Karl MengerAuthor