Money and the Mechanism of Exchange

Jevons, W. S. (1875). Money and the Mechanism of Exchange.

Type

Book

Intellectual base

Review or monograph

Year

1875

Link

https://oll.libertyfund.org/titles/jevons-money-and-the-mechanism-of-exchange

Cited from

economics_finance

Cited by

2 citations across 2 artifacts.

Each citation links to the sentence it supports in the citing article.

Primes

• Common-Medium Intermediation
  • In economic exchange it is money: the double-coincidence-of-wants problem is exactly the N-by-N pairwise-barter cost, and money is the medium that converts it to N-by-1, since each participant need only accept money.

    This sourceClassic statement of the double-coincidence-of-wants problem in barter and of money as the medium that dissolves it.

Mechanisms

• Trade or Swap Arrangement
  • Its failure mode is the double coincidence of wants: a direct swap requires each party to want exactly what the other offers, at the same time

    This sourceExplains that barter requires a rare double coincidence in which each party possesses exactly what the other wants.

Verification

Does it exist? Not checked yet. This entry carries no identifier to resolve. It was extracted from the citation as written in the article, normalized, and deduplicated against the rest of the registry.

Does it back the claim? Not recorded. Neither this nor any other of the 2 citations of this work carries a recorded support check.

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Links previously used in the corpus

Before the registry existed this work was also linked 1 other way.

• https://books.google.com/books/about/Money_and_the_Mechanism_of_Exchange.html?id=7ggZAAAAYAAJ ×1

Registry ID ref:99e1d6e47fea · see in the full table