God I hate the Macro vs Micro split. Robinson Crusoe is the economy "as a whole"! Real split is between Monetary & non-Monetary economics.
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IIRC I did 2 posts on SK (1 pro 1 con). Stopped reading DG. Thought he had money & debt muddled. They are overlapping but distinct sets.
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Cool thanks. What about the 'state theory of money'? That money originates with the state and that the 'barter economy' is fictional?
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Not a fan of State Theory of Money. And the whole point of "Origin of Money" theories is not history, but to explain why barter is rare. 1/2
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It's like criticising Hobbes by saying there is no historical evidence the State of Nature ever once existed. Totally misses the point.
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There is an analogous point here too - what Hobbes derives from the 'State of Nature' can't be accurate if it isn't a realistic model right?
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There was no 'war of all against all' but rather tribal existence with cooperation and competition interspersed which simply scaled up
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I'm more persuaded by Hume's state of nature. Man is naturally social/co-operative. Society is impossible under Hobbesian state of nature
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Prefer Hume to Hobbes myself (though both good). But neither was talking history. Both were explaining why society exists and has existed.
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