It may seem obvious to a layperson that failing to support an economy’s labor force must come at a cost. Yet conventional economic models render nearly invisible – or simply wave aside – a dimension of inequality that pervades economic policymaking… Read More ›
Day: June 1, 2023
Economics, Coins, and Barter: Medieval Money Matters | Cat Rotator’s Quarterly
We live in a money economy, more or less. That’s pretty new for most people. Even in the 1600s, a lot of business was done by barter. However, as Adam Smith pointed out in 1776, it’s hard to make change… Read More ›