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Time & Money

An economy of trust is an economy of time. Although we now associate ‘wealth’ with money, I think it’s more appropriate to consider wealth as control over other peoples’ time and work.

Ancient and primitive economies provide us with numerous examples of exchange without money; and even in societies with well established money economies there have often been substantial barter economies as well. The notion of ‘value’ predates money, and also transcends it — people knew how to haggle over the worth of their work and possessions long before they knew how to assign this worth a decimal number.

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