Suppositions and Truths

Geoffrey W. Gardiner

Chapter 1 in The Evolution of Creditary Structures and Controls, 2006, pp 1-23 from Palgrave Macmillan

Abstract: Abstract WE DO NOT KNOW when or how credit was first used, as it happened long before there were written records. It might be assumed that there is some very primitive society somewhere in the world which is about to make the big step into the modern era of financial services and that we could observe how its members make the change, but there is no society which is not contaminated by influences from more advanced societies, and therefore the evidence would not be totally reliable. Nevertheless social scientists, including anthropologists, archaeologists and economists are happy to make suppositions and assumptions, and write them up in their academic papers as if they were established facts. In this book we shall try to avoid this error, and will make clear what is a supposition and what is a fact.

Keywords: Interest Rate; Precious Metal; Money Supply; Trade Credit; Government Debt (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28844-7_1

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DOI: 10.1057/9780230288447_1

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