Showing posts with label Monetary Exchange. Show all posts
Showing posts with label Monetary Exchange. Show all posts
Thursday, April 26, 2012
Monetary Exchange and Market Prices
At his blog Western Tradition Jason Jewell takes on Chapter 5 of my book, Foundations of Economics: A Christian View. The chapter is entitled "Indirect Exchange and Market Prices" and explains the emergence of monetary exchange out of barter and the process of price determination in a free society. Jewell again does a very able job summarizing my work.
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