Tag Archives: barter

The real convenience of money

I recently read Adam Fergusson’s history of the early 1920s hyperinflation in Weimar Germany–which also covers contemporary hyperinflations of Austria and Hungary. (Well-spotted if you noticed that they were the losing Powers of the Dynasts’ War–aka WWI; this was not a coincidence.) One of the striking things about the period is how misguided conventional wisdom […]

A fight over money

Over the last twelve months or so, the blogosphere saw another round of a long-standing fight over money. Not over getting more money (though that is an element too), but its nature and history. A story about debt The aforementioned tussle has been provoked by the publication of David Graeber’s intriguing, but seriously flawed, book Debt: The […]

Put not your faith in labels: naming in the dismal science – guest post by Lorenzo

[SL: A frequent criticism of economics is that the ‘dismal science’ is now too big for its boots: it makes claims in rhetorical language that would do credit to a theologian or philosopher, and often appears to step far outside its remit. This criticism is particularly acute when some large rhetorical claim turns out to […]