On the Origin of Money

Carl Menger

Chapter 24 in Readings in the Economics of the Division of Labor:The Classical Tradition, 2005, pp 251-269 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionAttempts at Solution HithertoThe Problem of the Genesis of a Medium of ExchangeCommodities As More or Less SaleableConcerning the Causes of the Different Degrees of Saleableness in CommoditiesOn the Genesis of Media of ExchangeThe Process of Differentiation Between Commodities Which Have Become Media of Exchange and the RestHow the Precious Metals Became MoneyInfluence of the Sovereign Power

Keywords: Division of Labor; Specialization; Extent of the Market; Knowledge; Political Economy; History of Economic Thought; Increasing Returns; Equilibrium; Price System; Coordination (search for similar items in EconPapers)
JEL-codes: C1 C7 (search for similar items in EconPapers)
Date: 2005
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