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Money/Money economy/Money theory

(2,628 words)

Author(s): Denzel, Markus A. (Göttingen RWG)
Denzel, Markus A. (Göttingen RWG) [German version] A. Introduction (CT) A. Introduction The monetary forms that have developed from pieces of precious metals since the 7th cent. BC, whose value was guaranteed by the ruler or the community, and their increasingly dominant role in the economy of the Mediterranean region gradually displaced the much older way of payment in kind in all its forms (stone, ring and tooth, jewelry, clothing, money toke…