Podcast Episode Details

Menger's Barter Theory of the Origin of Money Is Still Standing

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Episode 519

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Professor Georgy Ganev joins Bob to explain that, contrary to the claims of David Graeber and the MMTers, the barter origin of money has not been refuted. The anthropological evidence is consistent with the Mengerian story, and Mises' regression theorem remains the only coherent explanation for money's value. 

• Professor Ganev's Paper, "Has the barter theory of the origins of money been rejected?": Mises.org/HAP519a

The Mises Institute is giving away 100,000 copies of Hayek for the 21st Century. Get your free copy at Mises.org/HAPodFree

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Published on 3 months ago