Cattle = capital. Footnote

Carrol Cox cbcox at rs6000.cmp.ilstu.edu
Sat Apr 6 14:43:15 MST 1996


Louis,
    I think often cattle were not used as the actual barter item but as
a *measure* of value.

    If X was said to be worth 1 cattle, then it would trade for 2Y (each
worth 1/2 cattle) or 1/2 Z (worth 2 cattle). Cattle as such would not
trade hands.

    Carrol


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