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> The classic economy-textbook idea that we invented currency so we don't have to barter with the goods we produce has never been observed in history. http://i
by JackFr 7y ago
> The classic economy-textbook idea that we invented currency so we don't have to barter with the goods we produce has never been observed in history.
http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp.pdf http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp...
Cigarettes were the numeraire for all transactions for the sake of efficiency.
- sdenton4 7y agoThat's addressed in the book: the cigarette economy is aping an existing cash+capitalistic economy, and thus doesn't provide a template for the evolution of a monetary economy from scratch.