6 Pages Posted: 16 Jun 2014
Date Written: June 5, 2014
In his classic essay, Carl Menger provides a conjectural history of the emergence of money. His account serves as the foundation for modern monetary economics. After briefly describing Menger’s argument and its consistency with his broader methodological approach, I consider modern representations and extensions of the Mengerian view on the emergence of money.
Keywords: Carl Menger, Medium of Exchange, Money, Spontaneous Order
JEL Classification: E40, E41, E42, B13, B53
Suggested Citation: Suggested Citation
Luther, William J., Preface to On the Origins of Money by Carl Menger (June 5, 2014). Available at SSRN: https://ssrn.com/abstract=2446645