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lkrubner · 2022-10-05 · Original thread
Before 1800, and especially before 1500, the monetary economy was so small, and the barter economy was so large, that these economies did not have recessions as we understand them today. A modern recession, as we've understood them for the last 200 years, can only exist in a society that has largely converted all economic activity to the monetary economy, and thereby made it vulnerable to the money cycle. If you're interested in the emergence and development of the monetary economy the best books ever written on the topic are Fernand Braudel's history:

I strongly recommend these books.

If you're interest is more about the classical Western period, I recommend:

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