The Hierarchy of Money

What happened

Money. The villagers are tired of bartering. The dairy farmer wants to buy corn, even when he does not have milk to trade, and the corn farmer wants to buy meat, even when the butcher does not want corn. So they decide that special gray stones that they can collect from a nearby riverbed will represent an abstract unit of value, called money . They reason that if everyone uses stones to represent value, then people…

Summary assembled by rule from the sources below

Sources