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A Starter on Support-Bargaining and Money-Bargaining in Twenty-Eight Digestible BitesMoney-Bargaining

A Starter on Support-Bargaining and Money-Bargaining in Twenty-Eight Digestible Bites:... [‘Money’ and ‘money-bargaining’ are creations of support-bargaining. Consumers select by reference to their situation; companies are the specialist money-bargaining agencies of money-bargaining systems. The terms of transactions depend on ‘bargaining position’, a concept well understood in common parlance, because the dynamic of money-bargaining is close to that of support-bargaining. Mainstream economic theory stresses tendencies to equilibrium and an optimal allocation of resources. It is a mathematical illustration of a philosophical conjecture regarding the propensity of individual interest to promote public interest. Money-bargaining, in contrast, explains economic exchange. Through support-bargaining, ideas of communal interest are established and realised through government budgets. It is one of the great triumphs of money-bargaining that it has made possible the realisation of extensive communal interest.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Starter on Support-Bargaining and Money-Bargaining in Twenty-Eight Digestible BitesMoney-Bargaining

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
ISBN
978-3-030-05230-0
Pages
77 –123
DOI
10.1007/978-3-030-05231-7_5
Publisher site
See Chapter on Publisher Site

Abstract

[‘Money’ and ‘money-bargaining’ are creations of support-bargaining. Consumers select by reference to their situation; companies are the specialist money-bargaining agencies of money-bargaining systems. The terms of transactions depend on ‘bargaining position’, a concept well understood in common parlance, because the dynamic of money-bargaining is close to that of support-bargaining. Mainstream economic theory stresses tendencies to equilibrium and an optimal allocation of resources. It is a mathematical illustration of a philosophical conjecture regarding the propensity of individual interest to promote public interest. Money-bargaining, in contrast, explains economic exchange. Through support-bargaining, ideas of communal interest are established and realised through government budgets. It is one of the great triumphs of money-bargaining that it has made possible the realisation of extensive communal interest.]

Published: Dec 30, 2018

Keywords: Money creation; Money-bargaining; Consumption; Companies; Resource allocation; Communal interest

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