include the function of money. Some work has been done to 
some material, if only in bringing it from a distance. The object, 
then, stores work and information or technical knowledge to 
the extent that something has been done to it. When the one 
object is exchanged for another, it is already assuming the 
function of money, as translator or reducer of multiple things 
to some common denominator. The common denominator (or 
translator) is, however, also a time-saver and expediter. As 
such, money is time, and it would be hard to separate labor-
saving from time-saving in this operation.

     There is a mystery about the Phoenicians, who, although 
they were avid maritime traders, adopted coinage later than 
the landed Lydians. The reason assigned for this delay may not 
explain the Phoenician problem, but it draws sharp attention to 
a basic fact about money as a medium; namely, that those