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The Origins of Money

Author

Listed:
  • Nick Szabo

Abstract

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 which are described.

Suggested Citation

  • Nick Szabo, 2002. "The Origins of Money," Economic History 0211005, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpeh:0211005
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    More about this item

    Keywords

    origins money evolution Menger reciprocal kin altruism;

    JEL classification:

    • N - Economic History

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