Coins and bank notes: Before coins were minted, lumps and bars of precious metals, among many other things, were used as objects of payment. With coins, all these objects of payment acquired a standard. Only then did they also become a medium of exchange.

Money and Material – Part 2

The fact that money possesses such great a power is not rooted in the thing itself but in the specific social coherence which it induces and from which it derives its power. It is this social coherence we are going to explore.

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Money and Material – Part 2

Money and Material – Part 2