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“Gold, Silver, and Grain: Money and Prices in the Book of Mormon” By Shinji Takagi | BYU Studies

“Gold, Silver, and Grain: Money and Prices in the Book of Mormon”

By Shinji Takagi

Book of Mormon video: Nephites walking through city

Why did the Nephites fix monetary values on various sorts of grain? In this new article, monetary economist Shinji Takagi discusses the operational aspects of the Nephite system of fixed prices for gold, silver, and all kinds of grain described in the Book of Mormon (Alma 11:3–19), based on internal evidence, economic logic, and historical precedents from antiquity.

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