Thursday, April 13, 2006

Money vs. Barter

An interesting experiment in extended barter is going on at One Red Paper Clip.

WARNING: You might want to read through the list of trades to make sure you/your students/their parents don't get offended by this. One offer is for a lap dance.

Questions for your students: Is money more efficient than barter? Does the current technology change your view or assumption? What functions of money/ characteristics of money are being demonstrated by the "inability" to make instant transactions?

A hat tip to Tyler Cowen at Marginal Revolution .

Let us know if you get any discussion out of your students with this, and where the discussion leads.

Posted by TSchilling at 8:12 PM Comments (0)

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