Tag Archives: coins

Of copper, tin and iron

The Silk Age of Eurasian trade  may have begun around 220 BC, with the unification of China under imperial rule and the shift to cavalry driving up demand for horses, but trade over long distances began millennia before that. Copper arrives While there is evidence of long-distance trade even among foraging societies–ochre, for example, travelled thousands […]

Value and ambit

ADDENDA: I have added in three extra paragraphs, because I came to realise a key part of the argument, and a key relevant distinction, was missing. ADDENDA II: My thinking on these issues is a work in progress, and I would put the transaction utility point somewhat differently now. As economist Frank Mehrling has observed (pdf): […]