has been received and is handed on. The omission of historians to study the revolution in the forms of thought and social organization resulting from the phonetic alphabet has a parallel in socio-economic history. As early as 1864­67 Karl Rodbertus elaborated his theory of “Economic Life in Classical Antiquity.” In Trade and Market in the Early Empires (p. 5), Harry Pearson describes his innovation as follows: This remarkably modern view of the social function of money has not been sufficiently appreciated. Rodbertus realized that the transition from a “natural economy” to a “money economy” was not simply a technical matter, which resulted from a substitution of money purchase for barter. He insisted instead that a