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Exploring the evolution of currency, the book delves into the transition from primitive forms like cowrie shells and salt to modern coinage and paper money. Author Carl Menger emphasizes the concept of "saleableness," arguing that the value of money is derived from the desirability of the goods it can purchase. This thought-provoking analysis provides valuable insights into the nature of money and its historical significance, making it a compelling read for both students and professionals in economics.
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On the Origin of Money, Carl Menger
- Language
- Released
- 2012
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- (Paperback)
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