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The genesis of money: the economic theories confronted to the anthropology and history lessons

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  • Pierre ALARY

Abstract

From a conceptual point of view, the Jevons' theory of money impacts the contemporary research on money. The following paper checks if the constraints identified by this author explain the money genesis in a historical perspective. This comparative analysis proves that exchanges are not a goad in pre-market economies. Therefore, in these economies, the constraints identified by Jevons do not exist and, historically, the double coincidence of want (for example) does not explain the genesis of money.

Suggested Citation

  • Pierre ALARY, 2009. "The genesis of money: the economic theories confronted to the anthropology and history lessons," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 56, pages 129-149, January -.
    • Handle: RePEc:cpo:journl:y:2009:i:56:p:129-149
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    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates

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