Home | Mises Library | Origins of Money

Origins of Money

  • Audio Mises Daily

Tags Money and BanksAustrian Economics OverviewCapital and Interest TheoryPhilosophy and Methodology

01/04/2010Carl MengerDoug French

Carl Menger, from his classic treatise, on the origins of the means of payment.

This audio Mises Daily is narrated by Floy Lilley.


Carl Menger

Carl Menger founded the Austrian School of economics. Menger, along with Jevons and Walras, published a work in 1871 which revolutionized the way economists viewed value and price theory by introducing innovations in the theory of marginal utility. His work was profoundly influential in Europe, where it inspired the work of Ludwig von Mises and Friedrich Hayek. 

Doug French

Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.

Shield icon audio