Gold has a lot of practical applications now (although is of course still treated as a ‘precious’ metal of value), but hundreds of years ago it was just a shiny metal. Why did it demand value, because of it’s rarity? Why not copper, because it was too easily found? What made it valuable ahead of other similar metals?
Thanks, I’ve done a short course on labour markets (https://www.conted.ox.ac.uk/courses/inequality-and-labour-markets-online) and my master’s (currently 1/3 in) is touching on it, so this is actually helpful, thank you.
:D I am glad I could help