{"id":5961,"date":"2020-12-03T10:08:45","date_gmt":"2020-12-03T10:08:45","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=5961"},"modified":"2020-12-21T14:50:57","modified_gmt":"2020-12-21T14:50:57","slug":"money-or-markets-which-came-first","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2020\/12\/03\/money-or-markets-which-came-first\/","title":{"rendered":"Money or markets\u2014which came first?"},"content":{"rendered":"<p>Economics textbooks tell us humans created money to overcome the drawbacks of barter. If your chicken wasn\u2019t worth someone\u2019s bushel of grain, you had no bread and they had no meat.<\/p>\n<p>Anthropologists see things differently. Markets didn\u2019t necessarily come first, they say. In fact, they argue, it\u2019s the money we use that determines the type of society we live in.<\/p>\n<p>In <a href=\"https:\/\/blubrry.com\/newmoneyreview\/71069005\/money-or-marketswhich-came-first\/\">the latest <em>New Money Review<\/em> podcast<\/a>, \u2018the future of money in 30 minutes\u2019, anthropologist and historian Brett Scott talks about the origins of money, debt and finance.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5959\" src=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/12\/Brett-Scott-2-scaled.jpg\" alt=\"\" width=\"280\" height=\"374\" srcset=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/12\/Brett-Scott-2-scaled.jpg 1920w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/12\/Brett-Scott-2-225x300.jpg 225w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/12\/Brett-Scott-2-768x1024.jpg 768w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/12\/Brett-Scott-2-1152x1536.jpg 1152w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2020\/12\/Brett-Scott-2-1536x2048.jpg 1536w\" sizes=\"auto, (max-width: 280px) 100vw, 280px\" \/><\/p>\n<p><em>Brett Scott<\/em><\/p>\n<p>Scott is an author and a campaigner for alternative financial and monetary systems. His latest book, \u2018Cloud Money\u2019, will be published in 2021 by Penguin Random and Harper Collins.<\/p>\n<p>In the podcast, Scott explains why anthropologists approach the topic of money quite differently from economists.<\/p>\n<p>\u201cAnthropologists ask, \u2018how do people provision for themselves in the world?\u2019\u201d says Scott.<\/p>\n<p>\u201cBut economists start by saying, \u2018how do people trade?\u2019\u201d he says.<\/p>\n<p>\u201cAnd the way economists view money starts from the assumption that trade is the default in all societies, whereas anthropologists don\u2019t assume that.\u201d<\/p>\n<p>\u201cAnthropologists would say that money creates markets, whereas economists would say that markets precede money.\u201d<\/p>\n<p>In the podcast, Scott discusses:<\/p>\n<ul>\n<li>the origins of money<\/li>\n<li>monetary systems and modern market capitalism<\/li>\n<li>the ideological roots of cryptocurrency<\/li>\n<li>bitcoin and commodity money<\/li>\n<li>the hybridisation of traditional and crypto finance<\/li>\n<li>local currencies and community money<\/li>\n<li>decentralised mutual credit systems<\/li>\n<li>bigtechs and money<\/li>\n<li>the battle to preserve cash<\/li>\n<\/ul>\n<p>To listen to the podcast, <a href=\"https:\/\/blubrry.com\/newmoneyreview\/71069005\/money-or-marketswhich-came-first\/\">click here<\/a><\/p>\n<p><em><a href=\"http:\/\/eepurl.com\/du6eTr\">Sign up here<\/a> for the New Money Review newsletter<\/em><\/p>\n<p><em><a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">Click here<\/a> for a full list of episodes of the New Money Review podcast: the future of money in 30 minutes<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economics textbooks tell us humans created money to overcome the drawbacks of barter. If your chicken wasn\u2019t worth someone\u2019s bushel of grain, you had no bread and they had no [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":5960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1013,1012,1053,1014,1011],"tags":[1916,1915,1913,1914,1917,1091],"class_list":{"0":"post-5961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-account","8":"category-exchange","9":"category-featured-1","10":"category-payment","11":"category-value","12":"tag-anthropology","13":"tag-barter","14":"tag-brett-scott","15":"tag-david-graeber","16":"tag-economics","17":"tag-money"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Money or markets\u2014which came first? - New Money Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/12\/03\/money-or-markets-which-came-first\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money or markets\u2014which came first? - New Money Review\" \/>\n<meta property=\"og:description\" content=\"Economics textbooks tell us humans created money to overcome the drawbacks of barter. 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