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BIBLIOGRAPHY

What Is Money?

A. Mitchell Innes — The Banking Law Journal, Vol. 30, No. 5 (May 1913), pp. 377–408

Claims Supported by This Source

  1. The article cites (at the beginning) as a foundational theory in economics that "in a primitive state, people lived by barter, and as life became more complex, a single commodity was chosen as a medium of exchange."
  2. p. 378: It states that these theories are supported by nothing more than the words of Adam Smith, a few passages from Homer and Aristotle, and the writings of people who traveled in savage lands.
  3. p. 378: It states that recent research in commercial history and numismatics, especially recent discoveries in Babylonia, shows that these theories lack solid historical backing.
  4. The editorial introduction in the same issue writes that the article appears to show the error in Smith's foundation by citing history.

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.