Abstract
It is possible to exchange goods by a direct swap. But barter is rare in advanced economies. Where there is a high degree of specialisation, exchanges must take place quickly and smoothly. Hence we have a ‘go-between’: money.
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© 1994 Jack Harvey
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Harvey, J. (1994). Finance. In: Mastering Economics. Macmillan Master Series. Palgrave, London. https://doi.org/10.1007/978-1-349-13504-2_13
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DOI: https://doi.org/10.1007/978-1-349-13504-2_13
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-61703-8
Online ISBN: 978-1-349-13504-2
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