Achsenzeit
Anthropologist David Graeber has pointed out that "the core period of Jasper's Axial age [...] corresponds almost exactly to the period in which coinage was invented. What's more, the three parts of the world where coins were first invented were also the very parts of the world where those sages lived; in fact, they became the epicenters of Axial Age religious and philosophical creativity." Drawing on the work of classicist Richard Seaford and literary theorist Marc Shell on the relation between coinage and early Greek thought, Graeber argues that an understanding of the rise of markets is necessary to grasp the context in which the religious and philosophical insights of the Axial age arose. The ultimate effect of the introduction of coinage was, he argues, an "ideal division of spheres of human activity that endures to this day: on the one hand the market, on the other, religion".