Money likely originated from long-distance trade between strangers, suggests study
An archaeologist presented a new theory as to where money came from: external trade.
An archaeologist has developed a new, groundbreaking theory that debunks conventional beliefs about the origins of money: it emerged to conduct long-distance trade, first and foremost.
For over a century, scholars have debated what spawned the birth of money. Was it a means of increasing the efficiency of bartering, or did the state first instigate money as a unit of account?