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11min chapter
Summer School 1: An Economic History of the World
Planet Money
The Stone Currency of Yap
This chapter examines the fascinating origins and variations of money, focusing on the unique stone coins from the island of Yap. It highlights how these large, symbolic stones served as a form of currency and societal prestige, illustrating the complexities of value and exchange. By tracing historical examples and connecting them to modern monetary principles, the discussion delves into the evolving nature of currency and its dependence on collective belief.
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