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  4. Etica & Politica / Ethics & Politics
  5. Etica & Politica / Ethics & Politics (2006) VIII/2
  6. On exchange, monetary credit transactions, barter, time preference, interest rates, and productivity
 
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On exchange, monetary credit transactions, barter, time preference, interest rates, and productivity

Barnett II, William
•
Block, Walter
2006
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ISSN
1825-5167
http://hdl.handle.net/10077/5309
  • Article

Abstract
We attempt in this paper to tie together several basic insights of praxeology, and several that are not at all that basic. These include the following: that gains from exchange are subjective; that this applies to profits and interest; that credit transactions can occur under barter; that interest arises from time preference even under a pure time preference theory of interest; and that productivity can, under disequilibrium conditions, affect the various rates of interest.
Series
Etica & Politica / Ethics & Politics
VIII (2006) 2
Subjects
  • Praxeology

  • time preference

Publisher
EUT Edizioni Università di Trieste
Source
William Barnett II and Walter Block, "On exchange, monetary credit transactions, barter, time preference, interest rates, and productivity", in: Etica & Politica / Ethics & Politics, VIII (2006) 2, pp. 116-126.
Languages
en
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