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In his 1776 treatise on capitalism, The Wealth of Nations, Adam Smith pointed out that almost anything of value could be used for money. He cited as examples tobacco, sugar, dried cod, and cattle and stated that “salt is said to be a common instrument of commerce and exchanges in Abyssinia.” But he offered the opinion that the best currency was made of metal because it was physically durable, even if its value was as ephemeral as other commodities. Today, thousands of years of coveting, fighting over, hoarding, taxing, and searching for salt appear picturesque and slightly foolish. The ...more
Salt: A World History
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