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The Moneyless Economy — from Temple Exchange to the Barter Club

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German Yearbook on Business History 1985

Part of the book series: German Yearbook on Business History 1985 ((BUSINESS,volume 1985))

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Abstract

Ever since man discovered money, there have probably been reformers wanting to abolish it again1. Like the discovery of fire or the invention of the wheel, the discovery of money has an ambivalent reputation: as the “greatest tool of freedom that man ever invented” (Hayek)2, but also as “the most evil curse of man” (Sophocles)3. The radical beginnings of reform along the path back to barter are largely of an ideological or religious nature. There is the well-known fable in which the devil gives man money as his contribution to the Creation4. Paul the Apostle considered greed for money as the “root of all evil”5. It is therefore no surprise that in history, religious zealots such as the Anabaptists in Münster (1533/34) abolished money. Orthodox Marxist theories, according to which money represents the vital nerve of capitalism, move in the same direction. This would make the extinction of the money economy, then, a prerequisite of the socialist state in its final stage. The “stone-age socialist” experiments carried out in Russia after the October Revolution and in Cambodea demonstrate that the answer to the question whether money can be done away with is still “no”. In an economy based on the division of labour, money is clearly dispensable only with small, autonomous economic entities such as a monastery or convent, or a family.

Amended version of a lecture held at the law seminar of Prof. Dr. Dieter Suhr, University of Augsburg (Dec. 1983). I wish to thank Prof. Dr. Manfred Borchert, Franz Kruthaup and Dieter Tilly, Manager of the Barter Business Club in Witten for their valuable advice and suggestions.

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  148. Also cf. H. Hellwig, Kreditschöpfung und Kreditvermittlung, Stuttgart 1958, pp. 331 ff.

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  149. H. Rittershausen, Die Bankenquêten, loc. cit., p. 239.

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  150. E.-H.Vogel, loc. cit., p.23.

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  151. As to the term “neutral money” cf. i.a. H.H. Lechner, Marktwirtschaftliche Theorie des neutralen Geldes, Volkswirtschaftliche Schriften, no. 44, edit. J. Broermann, Berlin 1959.

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  152. Cf. J. A. Schumpeter, loc. cit., p. 159.

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  153. Cf. S. Fröhlich, Extra, loc. cit., p. 193.

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  154. Cf. Muß der Begriff “Arbeit” neu definiert werden?, Frankfurter Allgemeine Zeitung, no. 134 (June 13, 1983), p. 8.

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  155. E. Haiti, loc. cit., p. 246.

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Authors
  1. Hugo Godschalk
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Editors and Affiliations

  1. Historisches Seminar, Abt. Verfassungs-, Sozial- und Wirtschaftsgeschichte, Rheinische Friedrich-Wilhelms-Universität, Konviktstraße 11, 5300, Bonn 1, Germany

    Hans Pohl

  2. Lehrstuhl für Kreditwirtschaft und Finanzierung, Johann Wolfgang Goethe-Universität, Mertonstraße 17-25, 6000, Frankfurt am Main, Germany

    Bernd Rudolph

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© 1986 Gesellschaft für Unternehmensgeschichte e. V., Köln

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Godschalk, H. (1986). The Moneyless Economy — from Temple Exchange to the Barter Club. In: Pohl, H., Rudolph, B. (eds) German Yearbook on Business History 1985. German Yearbook on Business History 1985, vol 1985. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-71196-1_4

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  • DOI: https://doi.org/10.1007/978-3-642-71196-1_4

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  • Online ISBN: 978-3-642-71196-1

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