Primitive Money Uncovered: Impact on Modern Economics and Society
The article compares primitive and modern monetary theories, focusing on different aspects like supply and demand, quantity, quality, cost of production, state, and Gresham's Law. Primitive currencies are not issued by central authorities and have less traceable changes in quality. It suggests adding rules for primitive money to modern theories. Primitive money has dual roles, affects price levels in natural economies, comes in multiple forms, and has limited scope.