Re: barter system

From: Ron Peterson (ron_at_shell.core.com)
Date: 07/30/04 

Date: Fri, 30 Jul 2004 22:48:23 -0000

olivier <olivier.chaussavoine@online.fr> wrote:
> 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

Bartering isn't going to replace money because it fails to handle
mutli-party transactions. The primary function of money is to determine
relative values and as such doesn't impose much of a burden on
an economy. 

-- 
   Ron

Relevant Pages

  • Re: Americans Have Lost Their Appetite for Spending
    ... if the entire economy recovers enough to allow it to ... comfortable old habits because the money simply isn't there. ... that the Repub party they support is the same party that grabs our ...
    (soc.retirement)
  • Re: justice, justice... Was: Anti-Semitism in the Neo-Confederate movement.
    ... I certainly would not call an economy which ... >is overwhelmingly geared towards use (again, rather than exchange) a 'market ... Let me rephrase, I said it wrong - the "idea" of money, or monetization, ... print SteveBucks all day long and that won't make me wealthy. ...
    (soc.culture.jewish.moderated)
  • Re: American dream now a pipe dream
    ... not prosper in the 21st century global economy by relying on 1920s ... undermining the economy as well as public health and safety. ... Our corrupt unions have become a money launderer for the party of the ...
    (rec.martial-arts)
  • Re: PING: Some thoughts for Economist Olson [long]
    ... future of the economy, not only that of the U.S., but that of the entire ... an increase in the money supply, ... perhaps even accelerate, the decline in the value of paper assets, making ... for any kind of stable system of exchange to become established. ...
    (rec.collecting.coins)
  • Re: Paying for Katrina
    ... >economic activity without reference to "money". ... >"Money" is just a shorthand way of keeping track of the exchange of goods ... >exchange for a haircut, tomorrow. ... you are describing what is basically a barter economy. ...
    (sci.econ)
Loading