Let's take a step back to the 3 competing theories...

1. Market origin (Menger)

2. Fiat origin (chartalist)

3. Debt

What would be the perfect, definitive archaeological evidence for each of these?

Menger described the process as an evolutionary one:

Barter -> commodity money -> evolving consensus on one commodity -> standardisation

We have plenty of evidence for barter and commodity money. How would you prove consensus and standardisation over time?

You would need multiple points in time. A perfect fit for the theory would be a series of texts from multiple centuries with the earliest using multiple units of account and the latter using just one as the commonly accepted Unit of Account.

For example a 20th C. sumerian tablet from a trader listing weights of silver, barley, copper, etc... and a 12th C. Hittite tablet listing goods all priced in silver shekels.

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Discussion

The fiat origin, chartalist or State Theory of money argues that state authority defines money and enforces it, taxation being a key pillar of this enforcement. Therefore money was created, standardised and enforced by Kings, Pharaohs and other rulers decreeing what should be used as money.

More recent chartalists accept the evidence of previous use of commodity money but argue that standardisation was imposed by authorities.

The perfect archaeological evidence for them would be a govt decree establishing that taxes must be paid in a certain good (eg: silver), thus establishing it as money.

Of course the counterargument from mengerians would be that the State was just recognising a previously existing standard, so to make the evidence stronger it would need to show a previously existing state of barter, followed by the decree, followed by the universal use of the money imposed by that decree.

So an example of good archaeological evidence for this theory would be the same sumerian tablet as before, showing a variety of goods and measures, then a Hammurabi-style stele with the decree, then tablets showing standard prices in the money established. The abrupt change should be easier to prove with tablets from the same century.

Of course written evidence would be the easy solution. There is some... but it's not conclusive. We have Hammurabi's code and previous sumerian ones. We have the Ea Nasir complaint tablet and similar trade records...

Shipwrecks, buried hoards, tombs and other archaeological finds must be used to complement what written evidence we have... they are of course harder to interpret.

Another very good source is Scripture. The Bible spans a long time period, although translations can sometimes get in the way. The Torah earliest texts are believed to be from the 15th C BC and of course the New Testament originates from the 1st C, when monetary systems were already well established.

So in between Abraham using commodity money (silver) and Judas being paid in silver coins... somewhere in the middle we could also find the answer to how money became standardised.

Genesis 23:16:

“Abraham weighed out for Ephron the silver according to the weight he had named in the hearing of the Hittites: four hundred shekels of silver, according to the weight of the merchants.”

Matthew 26:14-16

14 Then one of the Twelve—the one called Judas Iscariot—went to the chief priests 15 and asked, “What are you willing to give me if I deliver him over to you?” So they counted out for him thirty pieces of silver.

So in between Abraham using commodity money (silver) and Judas being paid in silver coins... somewhere in the middle we could also find the answer to how money became standardised.

Genesis 23:16:

“Abraham weighed out for Ephron the silver according to the weight he had named in the hearing of the Hittites: four hundred shekels of silver, according to the weight of the merchants.”

Matthew 26:14-16

14 Then one of the Twelve—the one called Judas Iscariot—went to the chief priests 15 and asked, “What are you willing to give me if I deliver him over to you?” So they counted out for him thirty pieces of silver.

This paper on "Cultural transmission in the ancient Near East" is relevant.

https://www.sciencedirect.com/science/article/abs/pii/S0305440312004955

It examines cultural transmission in the bronze age by studying the distribution of board games.

It speaks to the sad state of economic history that nobody has done something similar for the use of money...