History
Contrary to popular conception, there is no evidence that societies relied primarily on barter before using money for trade. Instead, non-monetary societies operated largely along the principles of gift economics, and in more complex economies, on debt. When barter did in fact occur, it was usually between either complete strangers or would-be enemies.
Lewis Hyde locates the origin of gift economies in the sharing of food, citing as an example the Trobriand Islander protocol of referring to a gift in the Kula exchange ring as "some food we could not eat," even though the gift is not food, but an ornament purposely made for passing as a gift. The potlatch also originated as a 'big feed'. Hyde argues that this led to a notion in many societies of the gift as something that must "perish".
The anthropologist Marshall Sahlins writes that Stone Age gift economies were, as evidenced by their nature as gift economies, economies of abundance, not scarcity, despite modern readers' typical assumption of abject poverty.
Gift economies were replaced by market economies based on commodity money, as the emergence of city states made money a necessity.
Read more about this topic: Gift Economy
Famous quotes containing the word history:
“It’s not the sentiments of men which make history but their actions.”
—Norman Mailer (b. 1923)
“You that would judge me do not judge alone
This book or that, come to this hallowed place
Where my friends’ portraits hang and look thereon;
Ireland’s history in their lineaments trace;
Think where man’s glory most begins and ends
And say my glory was I had such friends.”
—William Butler Yeats (1865–1939)
“I believe that history might be, and ought to be, taught in a new fashion so as to make the meaning of it as a process of evolution intelligible to the young.”
—Thomas Henry Huxley (1825–95)