The Difference Between Market and Barter: Money and the Making of Markets

  • Hans Christoph Binswanger


Market is in many respects distinct from barter. This distinction needs to be emphasized, because the conventional theory treats market and barter erroneously as the same.


General Equilibrium Relative Price Conventional Theory Future Good Exchange Partner 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2013

Authors and Affiliations

  1. 1.Institute for Economy and the EnvironmentUniversity of St.GallenSt. GallenSwitzerland

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