Georgy Ganev

Georgy Ganev, a monetary economist and author, joins Bob to delve into the origins of money, arguing that the barter theory remains relevant against critiques by David Graeber. They discuss how anthropological evidence supports this theory and outline Mises' regression theorem as a solid explanation for money's value. Ganev critiques claims against barter, suggesting that even rare examples, like Radford's POW camp cigarettes, demonstrate the transition to money. The conversation emphasizes that once surplus trade starts, money quickly emerges.