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Abstract

The Appetiser suggests that the neoclassical economic model responds to a conjecture regarding the relationship between private and public interest rather than a question about the working of economic exchange. The Starter explains economic exchange. To explain economic exchange, it is first necessary to explain the process of ‘support-bargaining’ and the creation of money. With that, it is possible to explain how money is used in ‘money-bargaining’, the process of economic exchange. The Appetiser also identifies ‘communal interests’ as outcomes of support-bargaining. Money-bargaining accommodates communal interests as well as the individual interests that are the basic concern of neoclassical theory.

Keywords

Support-bargaining Money creation Money-bargaining Neoclassical theory Economic exchange Communal interest 

References

  1. Kahneman, Daniel, 2012, Thinking, Fast and Slow, Penguin.Google Scholar
  2. Spread, Patrick, 2019, Economics for an Information Age: Money-Bargaining, Support-Bargaining and the Information Interface (EIA), Routledge. Google Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Patrick Spread
    • 1
  1. 1.WitneyUK

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