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Man himself is the beginning and the end of every economy.
Carl Menger -
Money is not an invention of the state. It is not the product of a 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.
Carl Menger
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The time period lying between command of goods of a higher order and possession of the corresponding goods of lower order can never be eliminated.
Carl Menger -
We are confronted by the appearance of social institutions unintentionally created, vital for the welfare of society, which are not the result of reasoned planning
Carl Menger -
Money is not an invention of the state. It is not the product of a legislative act.
Carl Menger -
There is no better means of reducing a fallacious variety of thought to absurdity than to let it live itself out completely.
Carl Menger