ENVS 1000 Lecture 4: Lecture 4
22 Feb 2019
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Reciprocal gift giving is an early form of money. Difference between hunter gatherers and early agriculture (new world)- is domestication of animals, generating surplus and trade. Remember send in ground and growing, need to have enough from last year to survive, to keep the cycle going. Priest/king, taxes need to be paid and surplus is taken from farmers. The surplus is driving exchange, technology and trade. Reinvest surplus back into the activities of generation. Spain was rich but through many wars and the interest it had topay back to italy and banking systems, lost all its wealth. Francois quesnay (1694-1774) one of the first economist to work on the physical. 1723 the fable of the bees bernard, the more people spend, the more public will ( first" systems theory) Adam smith the wealth of nations": engage in activities that bring value to the. Fundamentally self-centeredness the market will do great things for the public.
