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The Value of Money “ So, when the money failed in the land of Egypt and in the land of Canaan, all of the Egyptians came to Joseph and said, ‘ Give us bread, for why should we die in your presence? For the money has failed” (Genesis 47:15) When economists wrote introductory textbooks on economics. They have to use Robinson Crusoe as their example, because he was alone initially. This example really gives us an idea of …

…equality of exchange.” 13. Money’s five characteristics are divisibility, portability, durability, recognizability, and scarcity. 14. Money is the most marketable good. 15. Money increases options. 16. Money allows us to recover more easily when we have made economic errors. 17. Money increases the division of labor. 18. Money therefore increases our productivity. 19. Money increases our freedom. 20. Money makes possible a highly developed economic calculation. 21. The State doesn’t need to create it in order for it to exist. ------------------------------------------------------------------------ **Bibliography**