Mostrando entradas con la etiqueta monetary theory. Mostrar todas las entradas
Mostrando entradas con la etiqueta monetary theory. Mostrar todas las entradas

Part 1: A brief summary about the origins of money


Why has money been present in mankind’s history for so many millennia? Different cultures in different places and periods of time have used very different commodities as money, such as cocoa, salt, gold, shells, circular stone disks (or cigarettes). In fact, the concept of “money”, or “medium of exchange”, has always arisen spontaneously when the sprouts of civilization have taken root. Why? Let’s trace money back to the absolute beginning.
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