Re:What is money, anyway?
by unmole on Monday March 28, 2022 @02:37PM
(#30833953)
> The example you pointedly ignored that I posted above is one such example.
Nobody thinks this is the mainstream consensus view, not even Graeber.
> The story serves the same purpose either way
> It is which is why Graeber did explain why it's important.
The whole thread is about why Graber's just-so explanations are wrong. And your arguments are materially different from what is actually in the text.
> I guess we both misremembered.
From The Principles of Macroeconomics, 3rd Edition. Chapter 15 - The Monetary System
> The social custom of using money for transactions is extraordinarily useful in a large, complex society. Imagine, for a moment, that there was no item in the economy widely accepted in exchange for goods and services.
Nobody thinks this is the mainstream consensus view, not even Graeber.
> The story serves the same purpose either way
> It is which is why Graeber did explain why it's important.
The whole thread is about why Graber's just-so explanations are wrong. And your arguments are materially different from what is actually in the text.
> I guess we both misremembered.
From The Principles of Macroeconomics, 3rd Edition. Chapter 15 - The Monetary System
> The social custom of using money for transactions is extraordinarily useful in a large, complex society. Imagine, for a moment, that there was no item in the economy widely accepted in exchange for goods and services.