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EOM Ch. 9 The Evolution of Money - From Commodity Money to Credit Money and Beyond

EOM Ch. 9 The Evolution of Money - From Commodity Money to Credit Money and Beyond

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The End of Money and the Future of Civilization (2024 edition)

by Thomas H. Greco, Jr.

Chapter Nine: The Evolution of Money - From Commodity Money to Credit Money and Beyond

What We Don’t Know Is Hurting Us

Economic Exchange and Interpersonal Distance

Kinds of Economic Interaction

What is Money?

“The Ladder of Economic Civilization”

The First Evolutionary Step—Barter to Commodity Money

Commodity Money

Symbolic Money

The Second Evolutionary Step—From Commodity Money to Credit Money

Redeemability Abandoned

Checks and Checkable Deposits Displace the Use of Banknotes

Gold Versus Credit Money—A Comparison

How Credit Money Malfunctions

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