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Money-Bargaining

  • Patrick Spread
Chapter

Abstract

‘Money’ and ‘money-bargaining’ are creations of support-bargaining. Consumers select by reference to their situation; companies are the specialist money-bargaining agencies of money-bargaining systems. The terms of transactions depend on ‘bargaining position’, a concept well understood in common parlance, because the dynamic of money-bargaining is close to that of support-bargaining. Mainstream economic theory stresses tendencies to equilibrium and an optimal allocation of resources. It is a mathematical illustration of a philosophical conjecture regarding the propensity of individual interest to promote public interest. Money-bargaining, in contrast, explains economic exchange. Through support-bargaining, ideas of communal interest are established and realised through government budgets. It is one of the great triumphs of money-bargaining that it has made possible the realisation of extensive communal interest.

Keywords

Money creation Money-bargaining Consumption Companies Resource allocation Communal interest 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Patrick Spread
    • 1
  1. 1.WitneyUK

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