Talk:Coincidence of wants
From Wikipedia, the free encyclopedia
 |
This article is within the scope of Business and Economics WikiProject. | |
| ??? | This article has not yet received a rating on the assessment scale. | |
| ??? | This article has not yet received an importance rating on the assessment scale. | |
[edit] Coincidence of wants and barter
The article does not consider the number of participants in the trade when it compares barter and money. We always consider monetary trade as a bilateray trade, but barter allows more participants - there is the historic example of the triangular trade. Opportunities of coincidence of wants should not be analyzed as it is with monetary trades, because only bilateral trade is considered.
I do not agree when it is said that a barter trade must be done at the same place. I can barter a stock I own in Europe in exchange of an other in USA, needing it in USA, and my customer needing it in Europe. I am shure, a lot of petrol could be saved by thinking about it!!!
Goods have to be transported even if they are bought with money.
We could also discuss about the coincidence in time: All kind of precious goods can be used to stock the value of a transaction.
A transaction cost not really considered is complexity : it is easier to buy with money that to settle a barter contract with 3 or 4 participants, that's why money is used now. But complexity can be solved by computers, and change the natural position of money.
Olivierchaussavoine 14:09, 15 September 2006 (UTC)
