Abstract
Barter is a simultaneous exchange of commodities, whether goods or labour services, with bargaining and without using money. It is thus a form of trade in which credit is absent or weak, where buyers and sellers compete and rates are not fixed, and which lacks an abstract measure of value in exchange or payment.
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Hart, K. (2018). Barter. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_670
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DOI: https://doi.org/10.1057/978-1-349-95189-5_670
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