Barter-nomics: the art of the swap

Barter-nomics: the art of the swap

At Plymouth Rock, the Pilgrims were bargaining with the Native Americans," explains Lawrence J. White of the Stern School of Business at New York University. "That was the entire economy." Then, he explains, we left the farms for factories, and eventually offices, and the inefficiency...

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Veröffentlicht in:Marie Claire (New York, N.Y. : 1994) N.Y. : 1994), 2006-08, Vol.13 (8), p.74
1. Verfasser: Barron, Sandra
Format: Magazinearticle
Sprache:eng
Schlagworte:
Barter
Business networks (Social groups)
Entertaining
Forecasts and trends
History
Life style
Methods
Vacations
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Zusammenfassung:At Plymouth Rock, the Pilgrims were bargaining with the Native Americans," explains Lawrence J. White of the Stern School of Business at New York University. "That was the entire economy." Then, he explains, we left the farms for factories, and eventually offices, and the inefficiency of direct trade outweighed the "sociable" benefits. As you get to higher levels of economic well-being, opportunity costs increase, and the value of your time becomes greater and greater.
ISSN:1081-8626