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The Mutual Gains from Bartering

Geoff Riley

19th March 2010

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A Spring Hat Tip to Louise Gilbert for spotting this terrific example of local bartering - a pub is allowing customers to barter for beer and meals. And the Publican makes a strong case for the mutually beneficial gains from bartering if appropriate terms of trade can be agreed:

“I love bartering, it’s a lot more interesting than dealing with money. In these hard times everybody benefits, and it brings the locals together.”

More here: Two pints of beer? That will cost you a sack of potatoes if you barter

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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