Thanks for the lecture, and for the upload. I really appreciate being able to access this information. It is especially interesting to hear an ancient economist discuss the unfeasability of barter societies, something I'd only heard David Graeber discuss before.
11:08 'The first coins were minted in Greco-Lydian cities', an inaccurate statement stemming from a Eurocentric view that mars an otherwise very interesting lecture.
@@RonJohn63 I won't elaborate, but I think "currency" is a word that is heavily defined by uses in our modern world. It references central banks, monetary policy, debt policy, the capacity to emit new money, and so on. These things were not part of the ancient world. If I were to relate something modern to ancient coin, it would be commodities, not currencies. But some anachronistic errors would still be there in a significant way.
@@RonJohn63 Maybe. But my overthinking does not say anything farfetched. The Wiki article you've shared defines "currency" with a lot of what I considered to be part of the modern sense of the word. "A more general definition is that a currency is a system of money (monetary units) in common use, especially for people in a nation. Under this definition, US dollars, British pounds, Australian dollars, European euros and Russian ruble are examples of currency. These various currencies are recognized as stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance". Maybe I'm overthinking, but I'm not overreaching.
@@ErDiEr No, you're overreaching, too. You're just accustomed to hearing the word currency in a modern context. But you don't need a central bank to have a currency. RonJohn63 just linked you to the definition. I'm used to the word apparel being associated with tennis shoes, cargo shorts, tank tops, blouses, high heels and things like that. Nevertheless, apparel may also be used for tunics and togas as well.
Thanks for the lecture, and for the upload. I really appreciate being able to access this information.
It is especially interesting to hear an ancient economist discuss the unfeasability of barter societies, something I'd only heard David Graeber discuss before.
Very interesting lecture, much food for thought!
36:37 Just like the modern Euro.
11:08 'The first coins were minted in Greco-Lydian cities', an inaccurate statement stemming from a Eurocentric view that mars an otherwise very interesting lecture.
Good presentation. But I really don't understand how the use of the word currency for the ancient coins makes any sense.
+ErDiEr Why do you say that? What do you think the word "currency" means?
@@RonJohn63 I won't elaborate, but I think "currency" is a word that is heavily defined by uses in our modern world. It references central banks, monetary policy, debt policy, the capacity to emit new money, and so on. These things were not part of the ancient world. If I were to relate something modern to ancient coin, it would be commodities, not currencies. But some anachronistic errors would still be there in a significant way.
@@ErDiEr and I think you're overthinking the word.
en.wikipedia.org/wiki/Currency
@@RonJohn63 Maybe. But my overthinking does not say anything farfetched. The Wiki article you've shared defines "currency" with a lot of what I considered to be part of the modern sense of the word.
"A more general definition is that a currency is a system of money (monetary units) in common use, especially for people in a nation. Under this definition, US dollars, British pounds, Australian dollars, European euros and Russian ruble are examples of currency. These various currencies are recognized as stores of value and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance".
Maybe I'm overthinking, but I'm not overreaching.
@@ErDiEr No, you're overreaching, too. You're just accustomed to hearing the word currency in a modern context. But you don't need a central bank to have a currency. RonJohn63 just linked you to the definition.
I'm used to the word apparel being associated with tennis shoes, cargo shorts, tank tops, blouses, high heels and things like that. Nevertheless, apparel may also be used for tunics and togas as well.
Why no one mentions the Illyrian people if they had the best ships and helmets 1000 years B.C. Explore !!!