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EOM Ch. 9 The Evolution of Money - From Commodity Money to Credit Money and Beyond
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The End of Money and the Future of Civilization (2024 edition)
by Thomas H. Greco, Jr.
Chapter Nine: The Evolution of Money - From Commodity Money to Credit Money and Beyond
What We Don’t Know Is Hurting Us
Economic Exchange and Interpersonal Distance
Kinds of Economic Interaction
What is Money?
“The Ladder of Economic Civilization”
The First Evolutionary Step—Barter to Commodity Money
Commodity Money
Symbolic Money
The Second Evolutionary Step—From Commodity Money to Credit Money
Redeemability Abandoned
Checks and Checkable Deposits Displace the Use of Banknotes
Gold Versus Credit Money—A Comparison
How Credit Money Malfunctions
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