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- W2951574779 abstract "In recent years some economists have begun to doubt the scientific standing of the standard Austrian theory of the origin of money. They seem to think that it is only one possible solution to the problem of accounting for money’s value. Of these economists, Gary North (North 2012b) has presented the most cogent counter-interpretation to how we should understand the theory of the origin of money as elaborated by Carl Menger and Ludwig von Mises. Unlike the rest of economic theory, the origin of money and Mises’s regression theorem do not partake of the character of a scientific law deduced from the basic principles of the science, but is rather, and is presented as such in the writings of Menger and Mises, what North terms “conjectural history.” In this essay we will respond to North’s challenge and to the economists who agree with him." @default.
- W2951574779 created "2019-06-27" @default.
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- W2951574779 date "2019-06-17" @default.
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- W2951574779 title "The Menger-Mises Theory of the Origin of Money--Conjecture or Economic Law?" @default.
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- W2951574779 doi "https://doi.org/10.35297/qjae.010017" @default.
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