Fundamentals of Economics: The Essentials of Carl Menger - Softcover

Fundamentals of Economics: The Essentials of Carl Menger is the first work in the Aprycot Media series of the same name – a compact insight into the original source of the Austrian School, directly geared towards understanding Bitcoin.

About the book

Carl Menger (1840–1921), the founding father of the Austrian School, laid the foundation for Ludwig von Mises and Friedrich Hayek with his marginal utility theory and value theory. His core argument: The value of a commodity does not depend on its form, but on its "marketability" —the more in demand, the more valuable. This is the direct precursor to the understanding of Bitcoin as a scarce, highly marketable good.

Sample text

"Instead of focusing on the type or form of money, Menger examines the reasons for the exchange of money and why money is so valuable. His argument focuses on the 'marketability' of the traded goods – the more 'marketable' an item, the more money it is worth."

Details