Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is one of David Graeber's key arguments about the emergence of debt and monetary systems Question 31 options: Because barter is what money-using communities

What is one of David Graeber's key arguments about the emergence of debt and monetary systems Question 31 options: Because barter is what money-using communities revert to when they have no access to currency By understanding barter, we can fully understand the economic life of a Dutch town in 950 AD and Samarqand in the 4th century BC. The standard account of monetary history is correct, beginning with barter, discovering money, and then developing credit systems. The standard account of monetary history is backwards, "virtual money" came first, coins came later, unevenly, and never fully replacing credit systems

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics of Public Issues

Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North

19th edition

134018974, 134018973, 9780134020532 , 978-0134018973

More Books

Students also viewed these Economics questions

Question

c. What type of degree does it offer?

Answered: 1 week ago

Question

5. Give examples of binary thinking.

Answered: 1 week ago