Re:Conflict reigns over the history and origins of money
by petermcneeley on Tuesday August 14, 2018 @01:03PM
(#17759689)
Graeber's point was that barter is not used in small societies. In debt-ed social relations were the means of negotiated trade. Paying for things with currency was how one dealt with strangers in a spot trade. In our world most interactions are alienated transactions with strangers, thus money is used. https://www.youtube.com/watch?v=CZIINXhGDcs&feature=youtu.be...
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Re:Conflict reigns over the history and origins of money
by winstonewert on Tuesday August 14, 2018 @02:20PM
(#17760476)
It has been a number of years since I read the book, but my recollection was that he argued that money was invented to quantify debt and that any kind of currency was a later invention.