On the Origin of MoneyCarl Menger
On the Origin of Money
by Carl Menger · first published 2012
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…gold coin is not anyone’s debt, yet it was used as money for centuries. An excellent critique of the idea that money is created by governments was written by Carl Menger in his essay from 1892 entitled “On the Origin of Money”: https://is.muni.cz/el/1456/podzim2009/MPE_MOEK/um/8972262/me... Menger defines money as, simply, “the most liquid good” — where liquidity i, essentially, defined as “how much value you lose when you…
on “Bitcoin has few attributes of money but all the attributes of a collectible” ↗…still learn a lot about monetary economics in such environments. This author is interested in the emergence of monetary exchange, and that's a pretty big literature for instance, going back to Menger's "On the Origin of Money" (though Menger does note the later imposition of standardization from political authorities, etc.) and more analytical work such as Duffy & Ochs (1999). This literature on the emergence of currency/monetary…
on “The Origins of Money in Diablo II” ↗I ctrl+f'ed "barter" in Mankiw's Principles of Economics and couldn't find any topic on the origin of money. I think the modern theory on the origin of money economists generally support is a tad more complicated than a strawman Graeber builds and destroys in his book.
on “David Graeber has died” ↗