barter system

From: olivier (olivier.chaussavoine_at_online.fr)
Date: 07/28/04 

Date: 28 Jul 2004 07:07:05 -0700

I though you could be interested by this paper which describes a
system that allows value exchange among a set of economic actors. It's
originality is that no common reference of value has to be agreed
between these actors. That way, it allows economic exchange without
any monetary tools.

A commitment is a two party agreement whose economic value is
determined by two quantities. One quantity is the value of the
commitment expressed using the unit of one party, the other expresses
the same value using the unit of the other party. The unit can be a
worked hours, a pound of wheat or a shell.

The system can be used to transfer economic values between local
monetary systems like LETS, and could, this way generalize their use
keeping their local character that are the root of their economic
success.

the link is:
http://www.documentaires.info/etroc

Expecting your reactions.

Relevant Pages

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