History of Money
Why barter fails
wants Wool
has Wheat
wants Chickens
has Wool
✕
No match. No trade.
Barter needs a "double coincidence of wants": each side must want what the other has, right now.
Money exists because barter doesn't work.
Source: W. S. Jevons, Money and the Mechanism of Exchange (1875), ch. 1 · Oct 16, 2026
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