Forums before death by AOL, social media and spammers... "We can't have nice things"
|    soc.history.ancient    |    Ancient history (up to AD 700)    |    57,854 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 55,935 of 57,854    |
|    Oh so rich & successful JTEM to Martin Edwards    |
|    Re: Ravens or Arabs? 1 Kings tanslation     |
|    07 Sep 18 10:39:34    |
      From: jtem01@gmail.com              Martin Edwards wrote:              > Presumably it became money because large values were transportable, and       > it does not corrode.              I'm sure it was a slow process where eventually       values became standardized, even if only locally,       at which point money was inevitable.              Once a wife is accepted as worth a precise number       of goats, and each goat is worth a set number of       chickens, and you can buy [blah-blah] chickens with       a set quantity of gold, it is possible to calculate       a goat's or a wife's value in gold. So you no       longer need the chickens, the goats or the wife.               ...just carry the gold.              "Trade" would then be based on regional fluctuations:              The have lots of wood HERE, so it's not worth many       goats/chickens (gold). They have very little of it       THERE so it trades for a lot of goats/chickens (gold).                                   -- --              http://jtem.tumblr.com/post/177815141435              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca