HIST 1180 Chapter Notes - Chapter 2: Middle Kingdom Of Egypt, Barter
23 Nov 2017
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Topic of reading: there is an endless literature concerned with the question of what money. Commercial and noncommerical moneys commercial money is used for trade. I have tried to operationalize the concept of a medium of exchange by including any. thing that fulfills three criteria: it can be directly exchanged for a large number of other goods, services, or valuables it possesses this characteristic more than most other things and it frequently serves a transfer function between other goods. Noncommercial money is a standardized stuff that is employed in payments in a variety of social transactions. Many anthropologists have argued that money was used for noncommercial functions before it was used as a commercial medium of exchange. The use of a standardized object in payment for skilled labor is considered. noncommercial such payment for nonskilled labor is considered sufficiently commercial to be excluded. A final note about the definition of money.
