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Money is not an invention of the state. It is not the product of a legislative act.
Carl Menger
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Carl Menger
Age: 81 †
Born: 1840
Born: February 23
Died: 1921
Died: February 26
Economist
Professor
Nowy Sacz
State
Money
States
Legislative
Invention
Product
Products
More quotes by 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
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