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Nonetheless, we do see evolutionary examples in-between pure barter and government-standardized metal coinage in the historical record. The Aztecs had a comple
by brandmeyer 5y ago
Nonetheless, we do see evolutionary examples in-between pure barter and government-standardized metal coinage in the historical record.
The Aztecs had a complex system involving cacao seeds, strips of cloth, and "hoe money" for larger values. But while all three of these were used as a unit of account, they were also consumed directly as commodities.
Prior to the technological migration of metal coinage, ancient East Asia used shell money. These were almost exclusively used as a medium of exchange, and were not directly consumed as a commodity.
Standardized metal coinage was almost certainly invented only once by the ancient Mediterranean culture. Part of why the story "money replaces barter" is told is because this invention disrupts and rapidly replaces every other system that it touches for the next several hundred years, until the entire Old World is using metal coinage of some sort.
- throw0101a 5y ago> These were almost exclusively used as a medium of exchange, and were not directly consumed as a commodity. See also cigarettes in prisons (more recently ramen).