The newly formed Trade Barter eXchange (TBX) held a networking evening at Shenanigans Jomtien, with MD Steve Graham welcoming everyone and assisting in more than a few business deals during the event. In an interview on PMTV he indicated that he had seen at first-hand the problems that can occur with unfair trading, and had […]
Interesting History on the Emergence of Currencies
The idea that currencies emerged from primitive barter economies is a standard idea, taught just about everywhere. Could it be that the history is false? This author thinks so:
No example of a barter economy, pure and simple, has ever been described, let alone the emergence from it of money; all available ethnography suggests there has never been such a thing.
It’s worth a good read if you have a couple of minutes.
http://econintersect.com/wordpress/?p=41483
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