TITLE

Research in Economic Anthropology, Volume One: A Review Article

AUTHOR(S)
Darity Jr., William A.
PUB. DATE
March 1981
SOURCE
Journal of Economic Issues (Association for Evolutionary Economi;Mar81, Vol. 15 Issue 1, p129
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents the author's comments on Philip Grierson's paper titled "The Origins of Money." Grierson opens the volume, described by the editor, George Dalton, as the most accurate statement in print on the subject. Grierson focuses on money defined by a unit of account property, perhaps the least interesting of the functional definitions. The normal catalog is medium of exchange, unit of account, store of value, earning asset, and means of payment of contracts. By any of the first three definitions, at least, enquiry into the origins of money is misplaced. There probably never has been a community without a circulating medium, something accepted widely in payment for all other commodities. Nor has there ever been a community without a unit of account, something that served as a yardstick for comparing the worth of all other commodities. It would have been more enlightening if Grierson had inquired into the processes governing changes in the forms money has taken, rather asking when money first came into being.
ACCESSION #
4684821

 

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