A Quote by Carl Menger

Money is not an invention of the state. It is not the product of a legislative act.

Carl Menger

Quote Topics

Act Invention Legislative Money Product State

Quote Author

Carl Menger
Austrian - Economist
February 23, 1840 - February 26, 1921

Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.

Carl Menger

We have a duty towards music; namely to invent it. ...Invention presupposes imagination but should not be confused with it. For the act of invention implies the necessity of a lucky find and of achieving realization of this find. What we imagine does not necessarily take on concrete form and may remain in a state of virtuality; whereas invention is not conceivable apart from its actually being worked out.

Igor Stravinsky

In other words, what is supposedly found is an invention whose inventor is unaware of his act of invention, who considers it as something that exists independently of him; the invention then becomes the basis of his world view and actions.

Paul Watzlawick

There is one act par excellence which profanes money by going directly against the law of money, an act for which money is not made. That act is giving.

Jacques Ellul

Our business is not based on having information about you. You’re not our product. Our product are these, and this watch, and Macs and so forth. And so we run a very different company. I think everyone has to ask, how do companies make their money? Follow the money. And if they’re making money mainly by collecting gobs of personal data, I think you have a right to be worried.

Tim Cook

The most common way customer financing is done is you sell the customer on the product before you've built it or before you've finished it. The customer puts up the money to build the product or finish the product and becomes your first customer. Usually the customer simply wants the product and nothing more.

Fred Wilson

To hinder, besides, the farmer from selling his goods at all times to the best market, is evidently to sacrifice the ordinary laws of justice to an idea of public utility, to a sort of reasons of state; an act of legislative authority which ought to be exercised only, which can be pardoned only in cases of the most urgent necessity.

Adam Smith

Money is human kind's greatest invention. Money doesn't discriminate. Money doesn't care whether a person is poor, whether a person comes from a good family, or what his skin color is. Anybody can make money.

Takafumi Horie

A legislative act contrary to the Constitution is not law.

John Marshall

I look on trade and every mechanical craft as education also. But let me discriminate what is precious herein. There is in each ofthese works an act of invention, an intellectual step, or short series of steps taken; that act or step is the spiritual act; all the rest is mere repetition of the same a thousand times.

Ralph Waldo Emerson

We invite our friends who hold high positions in the legislative branch of government and state institutions to master the skills of administration, so they could, when the time comes, reform the Turkish state and make it more fruitful at all its levels in the name of Islam.

Fethullah Gulen

The constitution controls any legislative act repugnant to it.

John Marshall

There is no position which depends on clearer principles than that every act of a delegated authority, contrary to the commission under which it is exercised, is void. No legislative act, therefore, contrary to the Constitution, can be valid.

Alexander Hamilton

Selling cookies is usually a girl's first exposure to the world of business. She learns how to meet the public, talk about a product, sell the product, and is responsible for collecting money, giving change, and delivering the product. That's quite a business venture for a 7-year-old.

Frances Hesselbein

The object, which is back of every true work of art, is the attainment of a state of being, a state of high functioning, a more than ordinary moment of existence. In such moments activity is inevitable, and whether this activity is with brush, pen, chisel, or tongue, its result is but a by-product of the state, a trace, the footprint of the state.