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<p>[QUOTE="rick, post: 22476, member: 1235"]I have only heard that coins were invented for purposes of easing trade, myself. I find the alternative explinations that you offered to be very interesting. Now that you have mentioned it, I find myself (for the first time) wondering if a coin system of trade was invented for a completely unassociated purpose than its true importance in social impact and practice.</p><p>From a standpoint of economics, one can understand the importance of the impact that coins have had on our social development. It delivered us from the barter system, in which every trade conducted in day to day life was a singular event horizon of itself, in which you possessed X and needed Y. Your objective became finding somone else that had Y and needed X - a rare occurance, to be certain. With the development of a coin system, it became much easier to find a person who needed X, and find another person who had Y, where the medium between the two was an agreed upon system of value.</p><p>I believe Adam Smith touched on this, at some point, in the Wealth of Nations. I will have to refer back and see if he has anything to add.[/QUOTE]</p><p><br /></p>
[QUOTE="rick, post: 22476, member: 1235"]I have only heard that coins were invented for purposes of easing trade, myself. I find the alternative explinations that you offered to be very interesting. Now that you have mentioned it, I find myself (for the first time) wondering if a coin system of trade was invented for a completely unassociated purpose than its true importance in social impact and practice. From a standpoint of economics, one can understand the importance of the impact that coins have had on our social development. It delivered us from the barter system, in which every trade conducted in day to day life was a singular event horizon of itself, in which you possessed X and needed Y. Your objective became finding somone else that had Y and needed X - a rare occurance, to be certain. With the development of a coin system, it became much easier to find a person who needed X, and find another person who had Y, where the medium between the two was an agreed upon system of value. I believe Adam Smith touched on this, at some point, in the Wealth of Nations. I will have to refer back and see if he has anything to add.[/QUOTE]
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