Featured
Following
12 minutes ago•••
This is a classic book at the foundation of the Austrian school of economics and still relevent after 151 years! Highly recommended!
"Money is not an invention of the state. It is not the product of legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state."
— Principles of Economics by Carl Menger (pp 261-2)
Available in a translated reprint at:
LOAD OLDER THREADS