Series IV · Card 1 of 21 · THE VIENNA SEMINAR
Value, then, is nothing that clings to goods, not a quality of their own …
CARL MENGER · PRINCIPLES OF ECONOMICS · 1871
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Source
“Grundsätze der Volkswirthschaftslehre” (Principles of Economics, Vienna 1871), ch. III “Die Lehre vom Werthe”, § 1, p. 86 · own English rendering
About the author
Austrian economist (1840–1921). Founder of the Austrian School and pioneer of marginal utility theory. His theory of the origins of money is still widely cited in discussions of Bitcoin.
The question on the back
What is valuable to you but not to others?