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Economists have known for a long time that there is something fundamental about the human condition that leads to the emergence of money, or some approximation
by jkhdigital 7y ago
Economists have known for a long time that there is something fundamental about the human condition that leads to the emergence of money, or some approximation of it that serves the same purposes. Where they have struggled to make solid progress is in formalizing the "frictions" that make money an essential component of equilibrium economic models.
- k__ 7y agoThe article states that exactly this is not the case.
- jkhdigital 7y ago...huh? The article talks about the lack of evidence for barter economies. How does that falsify my comment in any sense? Anyways, I made my statement based on what I've learned from reading academic research in economics, not on whatever this guy from The Atlantic said.