Four Phases in the History of Money

Luis Angeles

Working Papers from Business School - Economics, University of Glasgow

Abstract: The history of money can be characterized into four major phases, from the written records of ancient Mesopotamia dating to the 3rd millennium BC to the present day. This characterization sheds light on both the nature and the evolution of money, and helps us to understand today’s monetary arrangements. This paper traces the main shifts in money’s history, including changes in the unit of account, the available means of payment, and the methods for carrying out exchange.

JEL-codes: E51 E58 G21 (search for similar items in EconPapers)
Date: 2020-12
New Economics Papers: this item is included in nep-cba, nep-his, nep-hme, nep-mac, nep-mon, nep-pay and nep-pke
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.gla.ac.uk/media/Media_764538_smxx.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gla:glaewp:2020_24

Access Statistics for this paper

More papers in Working Papers from Business School - Economics, University of Glasgow Contact information at EDIRC.
Bibliographic data for series maintained by Business School Research Team (business-school-research@glasgow.ac.uk).