HIST BC 3116y Lecture Notes - Lecture 8: Asteroid Family, Token Coin, Family Of Sets
1 Nov 2016
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History of money - lecture 7 (10 february 2016) Rate at which they should trade, need a mechanism. Certai(cid:374) se(cid:272)tors are tryi(cid:374)g to (cid:272)ha(cid:374)ge this . Regardless of like/dislike, you are being controlled. *what (cid:373)o(cid:374)ey does for us (cid:449)hat (cid:373)o(cid:374)ey does for so(cid:272)iety(cid:894)a lu(cid:271)ri(cid:272)a(cid:374)t for the e(cid:374)tire so(cid:272)ial edifi(cid:272)e(cid:895) Kalua exchange has symbolic, spiritual, and historical meaning (symbolic of abstract value but does not contain this value) Silver ignits: trust, object contained other uses. Intrinsic value that allows people to accept the coin in exchange: a confidence premium. Gold: contains the same substance as any other good. Token coins (money now a days: state will except it/receive it, trust/confidence, mediating goods not contained in itself. Paper money: trust it because the government tells you too (god is stamped on the bill, everyone will except it. Late comers to minted high quality coins. 269 bc romans began minting money: started to extend beyond the rest of the surrounding nations.
