Wednesday, February 29, 2012

How Barter Followed and Did Not Precede the Creation of Money

David Graeber lays bare one of the key myths of economists, i.e. that money followed and simplified barter, while the historical and anthropological evidence shows the opposite:
A newspaper illustration depicting a man engaging in barter, paying his yearly newspaper subscription to the "Podunk Weekly Bugle" with various farm produce

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