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by neaden
2324 days ago
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"If I have a good another wants then I may accept something I don't directly want as payment. Of goods I indirectly value, I should value more the goods that are most saleable as they provide the shortest path to goods I directly value. Throughout this my valuations are based on expectations of others' future valuations. We can think of the path from regular good to money like a feedback loop. It's the economic bubble that doesn't burst (except when it does and we all switch to silver or furs)." OK, and here is the key thing, can you provide an example of a pre-money society doing this? Because as far as I am aware there are no examples from either History or Anthropology showing that this happens. Once again it doesn't matter how much sense this idea makes to us coming from a post-money society if it is not what actually happened. |
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Can you provide me an example of a pre-money society becoming a post-money society? I can't name any. Unless your point is that any theory would be speculative (which is correct). I think even if we were to see the same evidence our conceptual models would be different but I'd very much sincerely like to see evidence which allows me to rethink things.