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Making Money: Coin, Currency, and the Coming of Capitalism

Christine Desan

Published in print:
2014
Published Online:
January 2015
ISBN:
9780198709572
eISBN:
9780191779800
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198709572.001.0001
Subject:
Law, Legal History

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different ... More


Commodity money as an extreme sport: Flows, famines, debasements, and imitation pennies

Christine Desan

in Making Money: Coin, Currency, and the Coming of Capitalism

Published in print:
2014
Published Online:
January 2015
ISBN:
9780198709572
eISBN:
9780191779800
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198709572.003.0004
Subject:
Law, Legal History

By its very design, commodity money created problems that made it difficult to keep in circulation. Coin was a medium that held a certain metal content and traveled at a guaranteed count. But many ... More


Endogenizing the Choice of a Monetary System1

Martin Shubik and Eric Smith

in The Guidance of an Enterprise Economy

Published in print:
2016
Published Online:
May 2017
ISBN:
9780262034630
eISBN:
9780262337540
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034630.003.0005
Subject:
Economics and Finance, Econometrics

In this chapter we introduce our first multi-timescale models of an economy. Longer timescales are associated with commitment to product specialization and to discounting and depreciation of durable ... More


From metal to money: Producing the “just penny”

Christine Desan

in Making Money: Coin, Currency, and the Coming of Capitalism

Published in print:
2014
Published Online:
January 2015
ISBN:
9780198709572
eISBN:
9780191779800
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198709572.003.0003
Subject:
Law, Legal History

Although coin seems to be a simple medium, the experience of the English suggests that making and maintaining coin depended on an elaborate public process. Under the “free minting” system established ... More


Barley, Gold, or Fiat: Toward a Pure Theory of Money

Thomas Quint and Martin Shubik

Published in print:
2014
Published Online:
May 2014
ISBN:
9780300188158
eISBN:
9780300199222
Item type:
book
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300188158.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

This book is about using game theory to model money and financial institutions. Using the backdrop of a simple two-good economy with two continua of traders, we propose a strategic market game to ... More


Vaðmál and Cloth Currency in Viking and Medieval Iceland

Michèle Hayeur Smith

in Silver, Butter, Cloth: Monetary and Social Economies in the Viking Age

Published in print:
2018
Published Online:
January 2019
ISBN:
9780198827986
eISBN:
9780191866678
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198827986.003.0014
Subject:
History, British and Irish Medieval History, Economic History

In medieval Iceland, apparently alone among the North Atlantic Norse colonies, cloth evolved into a highly standardized form of currency within a broader-based commodity-money system imported from ... More


Silver

Finn Brunton

in Paid: Tales of Dongles, Checks, and Other Money Stuff

Published in print:
2017
Published Online:
January 2018
ISBN:
9780262035750
eISBN:
9780262338332
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262035750.003.0020
Subject:
Economics and Finance, Macro- and Monetary Economics

This article is a field report on PorcFest, a libertarian festival. The festival is part of the Free State Project, which seeks to build a libertarian voting bloc in New Hampshire. Porcfest is also a ... More


Tracing the Late Viking Age and Medieval Butter Economy: The View from Quoygrew, Orkney

Aaron J. Critch, Jennifer F. Harland, and James H. Barrett

in Silver, Butter, Cloth: Monetary and Social Economies in the Viking Age

Published in print:
2018
Published Online:
January 2019
ISBN:
9780198827986
eISBN:
9780191866678
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198827986.003.0015
Subject:
History, British and Irish Medieval History, Economic History

Easily preserved and high in energy, butter was a reliable foodstuff during the medieval period for northerners vulnerable to short growing seasons and occasional crop failure. This chapter assesses ... More


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