Description
LARGE PRINT EDITION More at LargePrintLiberty.com Written in the same year that he testified before the Currency Commission in Austria-Hungary, and published in English in 1892, Carl Menger explains that it is not government edicts that create money but instead the marketplace. Individuals decide what the most marketable good is for use as a medium of exchange. "Man himself is the beginning and the end of every economy," Menger wrote, and so it is with deciding what is to be traded as money."Money has not been generated by law. In its origin it is a social, and not a state institution. Sanction by the authority of the state is a notion alien to it. "
Author: Douglas E. French, Carl Menger
Publisher: Createspace Independent Publishing Platform
Published: 01/01/2009
Pages: 54
Binding Type: Paperback
Weight: 0.19lbs
Size: 9.00h x 6.00w x 0.11d
ISBN13: 9781479367153
ISBN10: 147936715X
Large Print
BISAC Categories:
- Business & Economics | Money & Monetary Policy
- Business & Economics | Economic History
- Business & Economics | Economics | Theory
Author: Douglas E. French, Carl Menger
Publisher: Createspace Independent Publishing Platform
Published: 01/01/2009
Pages: 54
Binding Type: Paperback
Weight: 0.19lbs
Size: 9.00h x 6.00w x 0.11d
ISBN13: 9781479367153
ISBN10: 147936715X
Large Print
BISAC Categories:
- Business & Economics | Money & Monetary Policy
- Business & Economics | Economic History
- Business & Economics | Economics | Theory
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