Did Pre-Money Barter Economies Ever Actually Exist? Was Adam Smith Wrong?

“Imagine life before money. Say, you made bread but you needed meat. But what if the town butcher didn’t want your bread? You’d have to find someone who did, trading until you eventually got some meat. You can see how this gets incredibly complicated and inefficient, which is why humans invented money: to make it easier to exchange goods. Right? This historical world of barter sounds quite inconvenient. It also may be completely made up.”

source ArtsJournal http://ift.tt/1TSkSFM

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