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The Origins of Money, by Carl Menger. Chapter 2: Attempts at Solution Hitherto Chapters: 0:00 - Chapter 1 - Introduction 3:18 - Chapter 2 - Attempts at Solution Hitherto 7:41 - Chapter 3 - The Problem of the Genesis of a Medium of Exchange 11:13 - Chapter 4 - Commodities as More or Less Saleable 18:29 - Chapter 5 - Concerning the Causes of the Different Degrees of Saleableness in Commodities 22:43 - Chapter 6 - On the Genesis of Media of Exchange 30:50 - Chapter 7 - The Process of Differentiation between Commodities which have become Media of Exchange and the Rest 36:58 - Chapter 8 - How the Precious Metals became Money 44:28 - Chapter 9 - Influence of the Sovereign Power Written in the same year that he testified before the Currency Commission in Austria-Hungary, Carl Menger (1840 - 1921) explains that it is not government edicts that create money but instead the marketplace. Individuals decide what the most marketable good is for use as a medium of exchange. "Man himself is the beginning and end of every economy," Menger wrote, and so it is with deciding what is to be traded as money. Wanna get the book for yourself? Amazon: https://www.amazon.ca/gp/product/1933... Ludwig Von Mises Institute: https://store.mises.org/Origins-of-Mo... Or read it for free here: http://monadnock.net/menger/money.html If you enjoyed this, dont forget to like, subscribe and hit that bell for notifications! What should I read next? Let me know in the comments!