MONEY Money is any thing which is used as a medium of exchange. 5 Stages of Evolution of Money. There is no mention of money there. ADVERTISEMENTS: Money: Useful Notes on Evolution of Money! Read online THE EVOLUTION OF MONEY book pdf free download link book now. All books are in clear copy here, and all files are secure so don't worry about it. 3. This site is like a library, you could find million book here by using search box in the header. ADVERTISEMENTS: Money is the most important invention of modern times. The evolution of money will never stop as market’s and people’s demands always change. Briefly, evolution of money was mainly through commodity money, metallic money, paper money and bank money. The evolution of money in economics was a complex process that took several steps to take the modern form. Four Phases in the History of Money Luis Angeles * January 2019 Abstract In this paper I offer a new characterisation of the history of money into four major phases, from the earliest written records during the 3 rd millennium BC to the present day. Evolution of Money 1. Human […] It has undergone a long process of historical evolution. Adam and Eve got everything free from Nature. It began in the prehistoric times with barter and through the development of commodity money, coinage, paper money, credit money, and virtual currencies lasts even now. Money has evolved through different stages according to the time, place and circumstances. So did prehistoric people for thousands of years. Money plays an important role in every parts of life. PDF | Money is considered as one of the major factors of production. But what he said takes us back to the Bible story of Adam and Eve in the Garden of Eden. 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