And yet we see a famous natural experiment supporting the barter story: http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp.pdf http://icm.clsbe.lisbo

And yet we see a famous natural experiment supporting the barter story: http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp.pdf http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp... Although to be fair the author points out that credit was ubiquitous and there were spot and future markets for most commodities, and it was an mostly an endowment economy with little or no production.