Sorry, More Dogs Less Crime, didn't notice that you'd already mentioned Kocherlakota's paper in a similar context. I agree that the paper supports Graeber's notion that in a small society money i...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-404602
I think there are two possible claims being made here regarding the role of money as a medium of exchange. One possible claim which people are reacting to is that money never was and is not now u...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-404601
"When Debt first came out, I actually looked this point up in a number of mainstream textbooks, and found not a single example of the claim that money has its origin in solving the double coincid...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-404518
The one thing that money is not a medium of is exchange. There is no underlying exchange that is channelled via money. The accounting function of money* makes discrete bilateral transactions larg...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-404297
"From now on, we can treat money primarily as a store of value, and stop worrying about how it works as a medium of exchange." Excuse me? Even if money did not emerge as a medium of exchange, cur...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403979
Surprised Nick Rowe hasn't yet linked to his WWCI post responding to this one: worthwhile.typepad.com/worthwhile_canadian_initi/2012/02/money-as-store-of-wealth.html I found Graber's point regard...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403881
land-dwellers of the world unite! you have nothing to lose but your lungs!
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403857
I know them both, and always liked the idea of the 'original affluent society' - though actually it was probably a bad idea to leave the oceans in the first place...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403855
Neville - not as early as some - worth reading e.g. Marshall Sahlin's _Stone Age Economics_, which is similarly _gemeinschaftlich._ Also, the section in Ernest Gellner's _Plough, Sword and Book_ ...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403850
At various points in the book, I felt that the distinction between 'human economies' and 'commercial economies' was strikingly reminiscent of C19 attempts at characterising the differences betwee...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403837
It surprises me that Graeber apparently thinks that what he calls “embedded†relations of production are entirely positive: these are exactly the sorts of relations that lead to h...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403823
re Gavin This, as usual, conflates "money" and "coins". Money was around for at least a millenium before coins, And has stayed around for the bulk of transactions after coins. Money is a transfer...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403818
That much of the impetus to introduce coinage (like gold coins) was initiated by powerful rules to pay their troops (often mercenaries, or at least unreliable - garrison duty can be boring), it w...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403812
The Raven: "Yes, and if they take off, they will be subject to multiple sorts of fraud. I wrote about this a year or so back: Interesting. I hadn't thought of fraud. But now you mention i...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403801
@13- I have an extra length of rope. You have a pair of shoes. I am willing to trade rope for shoes. That is a coincidence, but it is not enough for barter. You may want to trade shoes for nails,...
https://crookedtimber.org/2012/02/22/the-unmourned-death-of-the-double-coincidence/#comment-403798