Adam Smith took it for granted that prior to the "invention" of currency, people relied on barter. Now, some consider any form of transaction or cooperation among humans to be barter if it is not intermediated by money. *BUT*, if we _...Read More_
Adam Smith took it for granted that prior to the "invention" of currency, people relied on barter. Now, some consider any form of transaction or cooperation among humans to be barter if it is not intermediated by money. *BUT*, if we _...Read More_