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<p>[QUOTE="kaparthy, post: 3349482, member: 57463"]You got a lot of good replies. Just to note, however, the most recent research says that people did not evolve money from barter and they did not barter for economic exchange. It really begins with ritual gift exchange as social bonding, both to establish and maintain status.</p><p><br /></p><p>Yes, the word "salary" come from the word for "salt" and yes we say that a good man is worth his salt and good people are salt of the Earth. That said, we must be cautious when projecting the present onto the past. </p><p><br /></p><p>The invention of coinage was a singular event. Future contracts existed thousands of years before the first coin. In fact, inventories that led to futures contracts are the origins of writing.</p><p><a href="https://necessaryfacts.blogspot.com/2011/10/accounting-for-civilization.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://necessaryfacts.blogspot.com/2011/10/accounting-for-civilization.html" rel="nofollow">https://necessaryfacts.blogspot.com/2011/10/accounting-for-civilization.html</a>[/QUOTE]</p><p><br /></p>
[QUOTE="kaparthy, post: 3349482, member: 57463"]You got a lot of good replies. Just to note, however, the most recent research says that people did not evolve money from barter and they did not barter for economic exchange. It really begins with ritual gift exchange as social bonding, both to establish and maintain status. Yes, the word "salary" come from the word for "salt" and yes we say that a good man is worth his salt and good people are salt of the Earth. That said, we must be cautious when projecting the present onto the past. The invention of coinage was a singular event. Future contracts existed thousands of years before the first coin. In fact, inventories that led to futures contracts are the origins of writing. [url]https://necessaryfacts.blogspot.com/2011/10/accounting-for-civilization.html[/url][/QUOTE]
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