Trade beads Trade beads Trade beads (sometimes called aggry and slave beads) were otherwise decorative glass beads used between the 16th and 20th century as a token money to exchange for goods, services and slaves (hence the name). Trade beads were used to African resources by early Europeans. This included African slave trade. The beads were integrated in Native American jewelry using various beadwork techniques. Aggry beads are a particular type of decorated glass bead from Ghana. Made to ease the passage of European explorers and then traders mainly across the African continents, the beads were made throughout Europe although the Venetians
Karl Shell the overlapping generations literature (and was perhaps the first to refer to the overlapping generations model by its modern name). The overlapping generations model is now a workhorse in modern macroeconomics and monetary economics. Karl Shell is also co-inventor (with David Cass) of the concept of sunspot equilibrium (and sunspots). Karl Shell Karl Shell (born May 10, 1938) is an American theoretical economist, specializing in macroeconomics and monetary economics. Shell received an A.B. in mathematics from Princeton University in 1960. He earned his Ph.D. in economics in 1965 at Stanford University, where he studied under Nobel Prize in Economics winner