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Re: Theories of Money

On Aug 12, 2006, at 4:51 PM, Carrol Cox wrote:

The origin of money (or some sort of universal product) was in
international trade. Money is needed _precisely_ when the 'trading'
parties don't share anything.


Why international? Why not just to avoid the inconvenience of "the
double coincidence of wants"? Is that historically true?

Doug

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