Exchange is as old as any record. local barter about the same. trade (production on speculation) prehistoric. markets (production on speculation using imputed prices) as early as civilization (cities).
Source date (UTC): 2019-05-05 19:42:28 UTC
Original post: https://twitter.com/i/web/status/1125123616205692928
Reply addressees: @pneumatik @vgr
Replying to: https://twitter.com/i/web/status/1125121331886878720
IN REPLY TO:
@pneumatik
@vgr If you allow people to trade social importance and socially-defined obligations, then markets are probably really old. Money-and-contract markets are probably also old but limited in scope. Maybe cash money and markets need each other.
Original post: https://twitter.com/i/web/status/1125121331886878720
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