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Interregional Monetary Flows in the Precolonial Trade of Nigeria

Only recently have historians devoted much attention to monetary developments in African history, primarily because the substantivist school of economic anthropology, which has argued that so-called western economic theory does not apply to African situations, has dominated the field. This view has been increasingly under attack in recent years, particularly by a new group of economic historians who have found many aspects of formal economic theory useful in the reconstruction of Africa's past. Marion Johnson's pioneering work on the gold mithqal and cowrie shell, for example, has documented t…

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