Money from the Very Beginning

Luis Angeles ()
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Luis Angeles: University of Glasgow

Chapter Chapter 3 in Money Matters, 2022, pp 17-27 from Springer

Abstract: Abstract Money can be a nebulous concept, the more so the further back in time we research its origins. Money only becomes recognizable to our eyes with the invention of coinageCoinage, sometime towards the end of the seventh century BC. Coins, after all, are objects universally accepted as a means of payment—our usual definition of money. In this chapter, however, I will encourage you to think not so much in terms of money, but in terms of monetary systems. A monetary system may be loosely defined as a set of arrangements which societies have in place to measure the value of goods and services and to carry out exchange.

Keywords: Unit of account; Barter; Bilateral debts; Coinage; Precious metal; Debasement (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95516-8_3

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DOI: 10.1007/978-3-030-95516-8_3

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