Barter Systems

Barter Systems and Other Forms of Commerce Bartering springs up in modern cultures when the local currencies are no longer valued by the participants in the local economies.  At least, that’s barter from the perspective of an economist.  However, if other values...

Price and Value

Some People Know the Price of Everything and the Value of Nothing Farm Values I received a call once from a man who wanted to buy my hay to feed his horses. I had more than I could use and was willing to sell it for not much more than it costs me to make it. He choked...