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As Adam Smith noted in The Wealth of Nations, money originates when there is agricultural and extractive surplus.
Here's a relevant tidbit: Due to the trophic structure of the human economy, economic growth requires increasing agricultural and extractive surplus at the base of the economy.
Similar(58)
extractive unit to recover toxic extractant.
Extractive industries are booming.
We have the Extractive Industries Initiative.
Extractive industries, by their nature, move on.
"Rather than creating wealth, they felt extractive.
"And those are very extractive industries.
Current account in surplus.
Extractive institutions are the historical norm.
That surplus had several causes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com