Saturday, May 26, 2018

Chresmatism, Money, Quantification

Chresmatism can transpire without Money, e. g. trading a bag of rice for a pair of shoes, and then trading the shoes for two bags of rice.  But, as the example illustrates, it does require Quantification.  Or, to put it analytically, Chresmatism is Profit-seeking, and Profit is a comparison of two Quantities.  Instead, if Money is valuable to the process, it is as expediting it, by virtue of functioning as a mobile bearer of Quantity, i. e. quantity of purchase power.

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