Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Michael Latzer and Stefan W. Schmitz (Eds.), Carl Menger and the Evolution of Payments Systems

Michael Latzer and Stefan W. Schmitz (Eds.), Carl Menger and the Evolution of Payments Systems The Review of Austrian Economics, 18:3/4, 345–347, 2005. 2005 Springer Science + Business Media, Inc. Manufactured in The Netherlands. Book Review MICHAEL LATZER and STEFAN W. SCHMITZ (Eds.), Carl Menger and the Evolution of Payments Systems. Cheltenham, UK and Northampton, MA, USA: Edward Elgar ISBN 1-84064-918-6, pp. 191. Over the course of the past few decades historians of economics, as well as economists more narrowly focused on Austrian economics, have reassessed the theories of Carl Menger. Generally viewed as an “incomplete neoclassical” before the “de-homogenation” (Jaffe ´ 1976) of the marginalist triumvirate of Jevons, Menger, and Walras began, many economists now view him primarily as the developer of a theoretical framework for historical analysis (cf. Vaughn 1994). Explaining changes over time is a central element of such a project. If such was Menger’s goal, then the importance he attached to his theory of the development of the institution of money is readily understandable. Most English-speaking economists know Menger’s theory only from his shorter presen- tations in the Economic Journal (1892) and in Chapter VIII of his Principles of Economics (1976, 1994). His long version of “Money,” which appeared in 1909 in the Handworterb ¨ uch der Staatswissenschaften, has never http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Michael Latzer and Stefan W. Schmitz (Eds.), Carl Menger and the Evolution of Payments Systems

The Review of Austrian Economics , Volume 18 (4) – Jan 1, 2005

Loading next page...
 
/lp/springer_journal/michael-latzer-and-stefan-w-schmitz-eds-carl-menger-and-the-evolution-IypEf0xi2s

References (4)

Publisher
Springer Journals
Copyright
Copyright © 2005 by Springer Science + Business Media, Inc.
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
DOI
10.1007/s11138-005-3115-y
Publisher site
See Article on Publisher Site

Abstract

The Review of Austrian Economics, 18:3/4, 345–347, 2005. 2005 Springer Science + Business Media, Inc. Manufactured in The Netherlands. Book Review MICHAEL LATZER and STEFAN W. SCHMITZ (Eds.), Carl Menger and the Evolution of Payments Systems. Cheltenham, UK and Northampton, MA, USA: Edward Elgar ISBN 1-84064-918-6, pp. 191. Over the course of the past few decades historians of economics, as well as economists more narrowly focused on Austrian economics, have reassessed the theories of Carl Menger. Generally viewed as an “incomplete neoclassical” before the “de-homogenation” (Jaffe ´ 1976) of the marginalist triumvirate of Jevons, Menger, and Walras began, many economists now view him primarily as the developer of a theoretical framework for historical analysis (cf. Vaughn 1994). Explaining changes over time is a central element of such a project. If such was Menger’s goal, then the importance he attached to his theory of the development of the institution of money is readily understandable. Most English-speaking economists know Menger’s theory only from his shorter presen- tations in the Economic Journal (1892) and in Chapter VIII of his Principles of Economics (1976, 1994). His long version of “Money,” which appeared in 1909 in the Handworterb ¨ uch der Staatswissenschaften, has never

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Jan 1, 2005

There are no references for this article.