I think there is a lot of fantasy thinking that ancient times didn’t use money. Trade is evident from the earliest times as proven through goods at burial sites that originated thousands of miles away. Trade necessitated commoditized assets as intermediary value stores, and common ones included salt and furs in addition to hard metal coins and commoditized metal objects like swords.
Social relationships are still important the higher you go in finance - it’s much easier to get a $100 million loan for a new building with a strong relationship with a banker than as a stranger, regardless of collateral.
I think a pre-commercial time where people didn’t care about money is a fiction.
Social relationships are still important the higher you go in finance - it’s much easier to get a $100 million loan for a new building with a strong relationship with a banker than as a stranger, regardless of collateral.
I think a pre-commercial time where people didn’t care about money is a fiction.