Did Robinson Crusoe have money?
How did money begin? Can you eat gold coins?
Crusoe and Friday could just TRADE with each other for the things that they wanted or needed.
To “trade” is to swap, exchange, and barter.
When Crusoe, say, exchanges some fish for lumber, he values the lumber he "buys" more than the fish he "sells," while Friday, on the contrary, values the fish more than the lumber.
The fish may be more valuable than the lumber. The exchange does not have to be equal.
When more and more people come together and more families want to exchange with one another “markets” and “money” start to show up.
Men exchange because they need or want goods, services, or both.
Different people in different places provide different goods and services to exchange.
Exchange is also called commerce.
A system that allows trade is called a market.
The original form of trade is barter, the direct buying and selling of goods and services.
Most of the time modern traders “exchange”, buy and sell, with money.
As a result, buying can be separated from selling, or earning.
Exchange is the lifeblood,
not only of our economy, but of civilization itself.
copy, print and color. Where is the market?
source: Murray Rothbard
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