Dollars and Sense

Viac o knihe

The book explores the historical significance of the barter system as the foundation of commerce, highlighting its complexities, particularly the "double coincidence of wants" that hindered efficient trade. It delves into how this challenge led to the innovative creation of money, which transformed economic exchanges and facilitated smoother transactions. The narrative examines the evolution of commerce and the pivotal role money plays in overcoming the limitations of bartering.