Section 3: Value in use, value in exchange | Previous Section | Main Menu | Next Section |
In some forms, money has value in use: you can eat or wear it, chop wood with it, or use it to make something else. In other forms, money has value in exchange: it works because we agree that the money represents a certain value. | ||
The silver in this "tiger tongue" made it intrinsically valuable | This Luristan bronze arm ring is a 7,000-year-old form of money | Dried grain was useful as money and food |
Arrowheads were popular in trade | ||
Throwing knives were used in the Congo as tools and money | Cowrie shell necklaces were used for jewelry and exchange | Kissi pennies are still used in parts of West Africa |
This form of money is probably in your pocket right now | ||
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