Tuesday, July 3, 2012

A Brief History of Money

New Yorker writer, James Surowiecki, traces the history of money in this brief article for IEE Spectrum. It's quite good and a nice tour through history. Did you know, for example, that it was the small kingdom of Lydia that introduced the world "first standardized metal coins," or that in the 13th century Kublai Khan switched China to paper money?

1 comment:

Eddy Gooper said...

It is very interesting to discover the history of money from the book of Murray Rothbard. Everything is very straight and clear. The history of money starting with shell exchange and ending with Nova Scotia payday loans is described at the book of Friedrich August von Hayek.