Saturday, February 9, 2013

The Monetary Writings of Carl Menger

The past two lectures in my History of Economic Thought course has been over the contributions of Carl Menger, the fountainhead of Austrian Economics. Thus far I have spent most of the time explaining Menger's distinct praxeological method and subjective marginal value theory.  Here is a lecture from the great Hans Sennholz detailing the contributions of Carl Menger for monetary theory and policy:

Sennholz is presenting the paper "The Monetary Writings of Carl Menger" at the very first economic conference hosted by the Ludwig von Mises Institute. His paper was subsequently included in the volume The Gold Standard: Perspectives in the Austrian School, edited by Llewellyn H. Rockwell, Jr. Sennholz held forth as the chairman of the economics department at Grove City College from 1956-92 and then was president of the Foundation for Economic Education the five years following. The present president of FEE is Lawrence W. Reed, a student of Hans Sennholz at Grove City.

1 comment:

  1. 140,000,000,000 g of gold/ 7,000,000,000 people

    20 g / each human ....well that's the solution

    one coin for all