The Crucial Role of the barter Story in Founding Economics

The barter story played a crucial role in founding the discipline of economics by establishing the concept of the economy as a distinct realm governed by its own rules. Economists later expanded on this by introducing mathematical equations to show how random individuals with varied desires could create a uniform price system. This story has now become common knowledge, taught in schools and museums, depicting a logical progression from barter to the complex financial systems of today.