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Thanks for posting! Burke uses the term "barter", which is wrong. Before coinage, people used credit. Barter was extremely rare.

• carlosjobim 2y ago
  What do you mean? The credit is settled either in barter or coinage, isn't it?
  • vundercind 2y ago
    It necessarily has a unit of account, but you can undertake all kinds of transactions under a credit system with nobody involved exchanging, or intending to exchange, that actual thing (silver coins, goats, bails of flax, abstract “favors”, whatever)
• throw0101c 2y ago
  > Before coinage, people used credit. Barter was extremely rare. See also: * https://en.wikipedia.org/wiki/Gift_economy https://en.wikipedia.org/wiki/Gift_economy