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Carl Menger's "Money as Measure of Value": An Introduction

The text, titled “La monnaie mesure de valeur,” translated here as “Money as Measure of Value,” was published in 1892, in the sixth volume of the Revue d’économie politique. Due to the absence of any final proof and looking at the few remnants available from the original French journal, it is possible to conclude that Menger first wrote his essay in French. This conclusion can also be backed up by our archival research, both at Duke University, whose library contains Menger’s papers, and in Japan, at the Hitotsubashi Center for Social Science Literature. It was then probably checked by the editorial committee of the Revue before being finally published under the name of Charles Menger. His name appeared in its French equivalent, as did others at that time, due to the magazine’s international appeal.1 For the English audience, there was no translation of the French essay before the present one, which may explain why this text is rarely quoted in English bibliographies, and why, although being more than a century old, it may appear new to the English reader. Outside Austrian circles, few specialists knew of the existence of the French text, although Hayek did mention it in http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png History of Political Economy Duke University Press

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