The Implausibility of the Barter Narrative C..

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The Implausibility of the Barter Narrative & Credit Money in Ancient Babylon | #Phyl it

The Implausibility of the Barter Narrative & Credit Money in Ancient Babylon

The Implausibility of the Barter Narrative & Credit Money in Ancient Babylon

Whereas the standard economics textbook literature motivates the emergence of money by pointing to the inefficiencies of barter economies, there is virtually no historical evidence that this is how money actually came about. Due to the lack of evidence for the existence of barter economies

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