The Impact of Money on an African Subsistence Economy

  title={The Impact of Money on an African Subsistence Economy},
  author={Paul J. Bohannan},
  journal={The Journal of Economic History},
  pages={491 - 503}
  • P. Bohannan
  • Published 1 December 1959
  • Economics, History
  • The Journal of Economic History
It has often been claimed that money was to be found in much of the African continent before the impact of the European world and the extension of trade made coinage general. When we examine these claims, however, they tend to evaporate or to emerge as tricks of definition. It is an astounding fact that economists have, for decades, been assigning three or four qualities to money when they discuss it with reference to our own society or to those of the medieval and modern world, yet the moment… 

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