Carrol Cox wrote: > It's possible that Graeber is close at least to being correct on this. > Barter was never a serious mode of exchange.
My sources say that ancient Egypt used barter. I think that's because the peasants paid tribute in kind and received payment in kind for building pyramids, etc. In general however, I'd agree that barter and markets can't co-exist for long, since barter is so inefficient (high transactions costs). Markets require money and/or credit. -- Jim Devine / If you're going to support the lesser of two evils, you should at least know the nature of that evil. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
