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Invisible Hand Explanations: the Case of Menger's Explanation of the 'Origin of Money'

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Author Info
N. Emrah Aydinonat (Erasmus Institute for Philosophy & Economics; Erasmus University Rotterdam & The Netherlands & Faculty of Political Sciences; Ankara University Turkey)

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Abstract

Menger's explanation of the 'Origin of Money' is one of the paradigmatic examples of invisible hand explanations. This paper examines Menger's explanation in detail and comments on the characteristics of invisible hand explanations.

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Publisher Info
Paper provided by EconWPA in its series Method and Hist of Econ Thought with number 0004001.

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Date of creation: 05 Apr 2000
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Handle: RePEc:wpa:wuwpmh:0004001

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Related research
Keywords: invisible hand invisible hand explanations Menger origin of Money Explanation

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Find related papers by JEL classification:
B - Schools of Economic Thought and Methodology

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  1. Mikael Stenkula, 2003. "Carl Menger and the network theory of money," European Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 10(4), pages 587-606, January. [Downloadable!] (restricted)
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