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

Listed author(s):
  • N. Emrah Aydinonat

    (Erasmus Institute for Philosophy & Economics; Erasmus University Rotterdam & The Netherlands & Faculty of Political Sciences; Ankara University Turkey)

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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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
Handle: RePEc:wpa:wuwpmh:0004001
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