34960Y6 in a barter economy, every day the shoe~

Q&@
MAKER
AND THE APPLE GROWER
WILL HAVE TO LEARN ANEW
THE RELATIVE PRICES OF DOZENS
OF COMMODITIES! If one hundred different
commodities are traded in the market, then buyers
& sellers will have to know 4,950 different exchange rates.
And if 1,000 different commodities are traded, buyers & sellers
must juggle 499,500 different exchange rates! So hòw dó you figure Ìt Óut?
It gets even worse! Even ìf you manage to calculate how many apples equal one pair
of shoes, barter ìs nòt àlways possible! After all, a trade requires that each side wànt whàt the òther
has to offer... What happens if the shoemaker doesn't like apples & if, at the moment in question, what he really
really wants is a divorce? True, the farmer could look for a lawyer who likes apples & set up a three-way deal. But what
if the lawyer is full up on apples but really needs a haircut? Some societies tried to solve the problem by establishing a central
barter system that collected products from specialist growers & manufacturers & distributed them to those who needed them?!!
The largest & most famous such experiment was conducted in the former Soviet Union, & ìt fáiled miserably!? "EVERYONE {?}
WOULD WORK ACCORDING TO THEIR ABILITIES, ÀND RECÉIVE ACCORDING TO THEIR NEEDS" turned out in practice into
"EVERYONE WOULD WORK AS LITTLE AS THEY CAN GET AWAY WITH, AND RECEIVE AS MUCH AS THEY COULD GRAB'!
More moderate & more successful experiments were made on other occasions, for example in the Inca Empire? Yèt
most societies found a more easy way to connect large numbers of experts - théy developed mòney.



26 jun 2019 - bewerkt op 29 jun 2019 - meld ongepast verhaal
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