On the Origin of Money

  title={On the Origin of Money},
  author={C. Menger}
Publisher Summary This chapter discusses the origin of money. Money is used as a token in trade to reassure traders in such a sequence that they are not making an egregiously bad deal. This leads to an alternate line of investigation, recognition that a theory of a medium of exchange is inter alia a theory of the liquidity or saleability of commodities. In primitive traffic, the economic man is awaking but very gradually to an understanding of the economic advantages to be gained by… Expand