If they (and you) read up on what travelers, missionaries, & ethnographers actually witnessed & recorded of recently contacted cultures, you will find that SoV & medium of wealth transfer long preceded record-keeping. See https://twitter.com/NickSzabo4/status/954225789129469952 … & refs in the linked articles.https://twitter.com/mikejcasey/status/981141578285805569 …
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So you disagree with Graeber's history of debt?
Graeber used a very narrow definition of "money" that did not include a huge variety of well-documented stores of value and media of wealth transfer.
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really? What are some money-like objects that I ignore that either 1. Arise from barter or 2. Act differently than the forms of money I discuss & describe?
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Why are you raising the topic of "barter"? I'm talking about stores of value and media of wealth transfer, neither of which need to have anything to do with barter (especially not in the narrow sense in which you use that word).
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Numerical measurement and counting like 1-2-3-4-... (as opposed to visually mapping sets of objects) were not necessary for SoV or media of wealth transfer to evolve.
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If you define it that broadly and vaguely, then unit of account may have been practically universal. A better specified definition is needed.
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Why do you sag Greaber's definition is that narrow? He talks about all different forms of money including shells and things like that.
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Graeber talks about many different forms of money, but all within a narrow range of use cases (medium of exchange/unit of account) while ignoring low-velocity wealth transfers that predate his 5000-year history.
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What constitutes a low velocity wealth transfer? If I recall correctly he writes a lot about money used solely in the context of dowries. A once a generation transaction seems low velocity.
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dowry is fairly low-velocity. also things like inheritance, or being entombed with precious stones to take into the afterlife. i think he overlooks early use cases that were stores of value & displays of wealth.pic.twitter.com/lC5iIOz7if
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Does low velocity in proto-monies imply they're used for tribe diplomacy, not individual transactions?
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Why not both?
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Are there better books than Graeber’s that sum up the research on prehistorical moneys? (Besides your posts, of course).
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this is a good book
@alpackaP. I've attached a picture for example https://www.amazon.com/gp/product/0262133180/ref=oh_aui_detailpage_o06_s00?ie=UTF8&psc=1 …pic.twitter.com/ptlH7baJaD
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That’s about 5-10,000 years too modern.
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What value do you hope to gain from understanding prehistoric money? I think modern monetary orders are much more relevant and interesting
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By broadening your study of money, you can more precisely test and understand your assumptions of the question “What is good money?” Or “What characteristics make for good money?” These seem like very important questions for our time.
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I agree that these are good questions, but I have found little to no benefit about reading about prehistoric money. The philosophical questions about money come into serious debate in the 1600s-1900s, and I personally find that time period the most fascinating.
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i said it even before this came up, i'd very much like to see a panel/discussion with
@NickSzabo4 and@davidgraeberThanks. Twitter will use this to make your timeline better. UndoUndo
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