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Economics, Anthropology and the Origin of Money as a Bargaining Counter (Routledge Frontiers of Political Economy)

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Book Details
Language
English
Publishers
Routledge; 1st edition (29 July 2024)
Weight
0.45 KG
Publication Date
29/07/2024
ISBN-10
1032322306
ISBN-13
9781032322308
Dimensions
15.6 x 1.83 x 23.4 cm
SKU
9781032322308
Author Name
Patrick Spread (Author)
After Trinity College, Oxford, I worked as a business economist in London for a few years, then took posts as an economic advisor in various countries, including Solomon Islands. Fiji, Indonesia and Ethiopia. The standard fare of economic theory taught around the world always seemed an inadequate foundation for advice on economic policies. Starting in 1980, I researched an idea of support-bargaining and money-bargaining at the London Business School as a better explanation not just of how economies function but how societies as a whole function. My first book, 'A Theory of Support and Money Bargaining' (1984) was an outcome of this research. I returned to the theory some time later, publishing 'Getting It Right' in 2004. 'Support-Bargaining: The Mechanics of Democracy Revealed' (2008) is a more comprehensive statement of the theory. The three books published with Routledge (2013, 2016, 2019) are concerned sequentially with the connection of support-bargaining to Darwin's theory of natural selection, the evolutionary nature of economics (as opposed to the equilibrium concept of neoclassical theory) and the central role of information. The 'Starter' (2019) is an easy overview of the whole theory. A selection of journal articles, 'Aspects of Support-Bargaining and Money-Bargaining', is available as an e-book from the World Economics Association. The aim is to convince the world that the theory of support-bargaining and money-bargaining gives a far superior explanation of human social, political, economic, and intellectual behaviour than any other theory.Read more about this authorRead less about this author
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For many decades economists have disputed with economic anthropologists over the origins of money. Economists claim that money emerged from barter exchange; anthropologists claim that it originated as a ‘unit of account’ in the temples and palaces of ancient Mesopotamia.

This book argues that money originated as a bargaining counter in a system of money-bargaining, emerging almost seamlessly from barter-bargaining. This is not the ‘money’ of mainstream economic conception – a ‘veil’ cast over a system of resource allocation defined in mathematical terms.

Confidence in the bargaining counter is sustained through ‘support-bargaining,’ a process in which individuals seek the support of their associates but seek at the same time to advance their own interests. A comprehensive ‘Introduction to Support-Bargaining and Money-Bargaining’ is provided by the work.

The arrival of coin-money is recognised by many as a crucial event in the history of mankind, and it is argued here that the distinctive character of support-bargaining in ancient Greek city statesmade possible the introduction of coin-money. The dependence of coin-money on a particular form of support-bargaining also suggests the reason why coin-money was not introduced much earlier, given that the technology for producing coins was available long before their adoption.

This book will be of great interest to researchers in the history and origins of money, banking and economic theory more broadly. .

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