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On exchange, monetary credit transactions, barter, time preference, interest rates, and productivity
Barnett II, William
Block, Walter
2006
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
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
File(s)