There's a story you may have heard before about what the world look like before money was invented. It's a story built on the idea of barter.
"It goes something like this: in the beginning, before there was money, if I had something that you needed, I would approach you with that thing and see if you had anything that I needed," says anthropologist Bill Maurer.
"The problem is that when we look around the world and in the historical and archaeological record for instances of this kind of direct barter, unfortunately we don't find it."
This week on Hidden Brain, we challenge established ideas about the origins of currency, and highlight the connection between money and relationships.
"Society is a thing of ongoing continuous relationships. The settling and unsettling of debts, on and on and on and on and on."
Additional Resources:
The Anthropology of Money by Bill Maurer, 2006
How Would You Like To Pay? How Technology is Changing the Future of Money by Bill Maurer, 2005
The Deadweight Loss of Christmas by Joel Waldfogel, 1993
TikTok skit about the U.S. tax system by user Jacksoin.m, 2019
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