The E-Sylum:  Volume 8, Number 40, September 18, 2005, Article 15

THE ORIGINS OF MONEY

Larry Mitchell forwarded a link to a paper by Nick Szabo
titled "Shelling Out -- The Origins of Money: New theories
on the origins and nature of money"

"The precursors of money, along with language, enabled early
modern humans to solve problems of cooperation that other
animals cannot -- including problems of reciprocal altruism,
kin altruism, and the mitigation of aggression. These precursors
shared with non-fiat currencies very specific characteristics --
they were not merely symbolic or decorative objects."

Full Story

  Wayne Homren, Editor

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