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Outline of an Approach to Money

The nature of money has long been the subject of fascination to a variety of scholarly disciplines. It has proven, however, very difficult, if not virtually impossible, to come up with a single straightforward definition. Some have even raised objections against such an endeavour, commenting that a clear definition would not do justice to the complexities of the concept nor would it prove helpful as a research tool. David Schaps wisely remarked that ‘for the historian tracing the beginning of an idea, a definition is a hindrance’, which surely applies as much to our case as to his. In order to find a way around this difficulty, introductions to the topic of money, as well as discussions of its nature, have often found themselves focusing